September 8, 2007
Laying Off Employees - Global Overview: Fear stalks world financial markets (FT.com)
FT.com - Fear returned to financial markets on Wednesday as weak housing and employment data stoked fresh concerns about the outlook for the US economy.
Dollar close to low against euro (FT.com)
FT.com - The dollar fell to within 1 cent of its record low versus the euro this week as data revealed that the US economy shed jobs for the first time since August 2003.
So, with a more open policy on references, companies would pick workers who fit their needs best. o Older Workers Benefit Protection Act. The letter must make clear you're ending this person's employment and give the effective date. o Ask for questions the jobholder may have about her layoff and benefits.
Many supervisors and Personnel managers wonder if the notification should include the termination reason. Your legal counselor will assist you understand the legal implications of the severance plan that you have in place. You must develop a policy to document worker problems properly. o The employer has lost the respect of her organization and a mutiny is likely. Obviously, you would handle each of these circumstances differently. Managers and owners give employees under contract notice according to the terms of their written agreement. This "dismissing only" option sounds harsh, but as a entrepreneur you must manage your profits AND your time. Therefore, a small company owner or human resource person should keep the lay off private and away from the eye of the workplace. When you don't have a legitimate or documented reason, then you have to fake it. This is an incident of misconduct or terrible performance similar to other recent events. o Sounds like an attorney by using legal terms about employment when she speaks with you. To develop the best package of severance agreements, it helps to hire an attorney-at-law.