Interested in best practices during layoffs? According to the Wall Street Journal, "Layoffs Deepen Gloom", companies are laying off employees at a pace not seen in the past year. This is hurting the job market for the unemployed. It is also deepening the continuing economic uncertainty for employers and employees.
Layoffs are a key factor in why jobs are not currently being created. Industrial giants such as Cisco Systems, Inc., Lockheed Martin, Borders Group, Nationwide Insurance, and Cracker Barrel are currently laying off employees. The daily news predicts further layoffs at firms such as Goldman Sachs.
A Reader Asks About How to Do Layoffs
Are there any standards for a company facing a work slowdown? Last hired/first to go? Also any protocol relative to the timing such as Friday versus any other day of the week? End of pay period? Two weeks' severance? What do you recommend?
I responded to the reader with these seven tips for compassionate layoffs. How you do layoffs really matters.
Image Copyright Christopher Steer
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