Archive for 'Downsizing'

Effective Management

In my associates last blog he dealt with the importance of weeding out underperforming employees. The business climate we are immersed in today demands it. The article I have attached “Job Performance: Necessary – But Not Always Sufficient” takes it a step further in its thoughtful analysis of how to measure when to sack a [...]

What You Need to Know About Severance Agreements

Contrary to popular belief, employers are not obligated to provide severance pay upon an employee’s termination of employment due to a layoff. If an employer does choose to provide severance pay, it should be accompanied by a severance agreement. The most important provisions in a severance agreement are those regarding payment, non-competition, and the release [...]

What Happens With Employer-Provided Housing When An Employee Is Fired Or Quits?

It is not uncommon for employers to provide housing to employees as part of their compensation package. This frequently occurs in the hospitality, multi-family housing, and construction industries. Employers must be wary when an employee is terminated or resigns, because complications can arise when the employer attempts to oust the former employee from company housing.  [...]

Dealing with Downsizing

Our current economic tough times may require businesses to take drastic actions to cut costs, including laying off employees. Legal claims by unhappy former employees inevitably increase when the economy is bad and they cannot easily find new jobs.