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Leopard Teams Gore was followed by Wayne Cascio, winner of the Michael R. Losey Human Resource Research reward, who related to the Advisor a story of "responsible restructuring." He says that in his research he found that when faced with financial challenges, CEOs tend to fall into one of two camps: One group says, "What […]
by Warren Nelson and Karl Lindegren, Fisher & Phillips, LLP In today’s tough economy, employers worldwide have been forced to shed key personnel in order to minimize costs. Companies large and small have reduced their workforce by drastic numbers, many left with no choice but to lay off valued employees. However, in the wake of […]
By Robert P. Tinnin, Jr. Q As a result of the economic downturn, we must lay off approximately half of our workforce. In considering whom we should select, it occurs to me that we could save the most money by laying off higher-salaried, nonmanagement employees. However, our higher-salaried employees tend to have the most seniority […]
by Claudia N. Lombardo According to economist Dean Baker, President Barack Obama’s own economic team believes the President’s stimulus package will have no effect on unemployment — currently at 10 percent — two years from now. The announcement caught the attention of many employers, already worried about having to make future layoffs, and has initiated […]
by Mark Wiletsky Although we’re beginning to see signs of an economic recovery, many organizations are still grappling with how to stay competitive in this challenging environment. Layoffs, furloughs, and other methods used to cut personnel costs are often part of the equation. But the savings gained by those cost-cutting measures can be lost if […]
As we have reported before (January 6, 2009, December 2, 2008, and August 26, 2008), Wal-Mart has repeatedly been dealt blows by Canadian courts and other decision-makers. Most recently, an arbitrator in Quebec has weighed in – and it’s more bad news for Wal-Mart in Canada. Wal-Mart’s store in Jonquiere, Quebec, was certified by the […]
As a result of the recent economic crisis, many employers have been faced with the unpleasant task of laying off workers. But what happens when one of those employees is disabled? We recently received a question addressing that very issue. The situation involved a severely disabled part-time worker who was hired to stuff envelopes as […]
Yesterday I received an e-mail from an employee in our company that really got me thinking. Her e-mail was about one of the less talked about effects of tough economic times. Her note contemplated how layoffs, or even the hint of layoffs, can cause a company to lose the employees it most desperately wants to […]
Layoffs have many downsides. Employee morale is guaranteed to drop. A company’s unemployment insurance premiums will rise, perhaps steeply. And if an employer provides severance packages and/or outplacement services, they could get very expensive. If layoffs are significant in number, a business may not be able to adequately compete once the economy turns around. And […]
I’m Dan Oswald, president and publisher of M. Lee Smith Publishers, and the newest blogger on the Employment Law Post. My first posts appeared on the Human Resources News blog. Here’s a list of those posts. The Time for Bold Action Keeping Your Eye on the Ball Bad Economy No Excuse for Not Succeeding Keep Long-Term […]