Examples of layoff in the following topics:
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- A study conducted by Bain & Company (featured in an April 2002 issue of the Harvard Business Review) concluded that when a job is refilled within six to eighteen months of a layoff the business loses money on the deal.
- (Winston, Andrew, Green Recovery) Expenses associated with layoffs include severance package costs, declines in productivity and quality, rehiring and retraining costs, and poor morale suffered by those left behind.
- The Container Store, a storage retailer based in Coppell, Texas, froze salaries and watched its spending during 2008 to avoid layoffs.
- Nugget Market in Woodland, California, avoids layoffs with careful job placement and shrewd labour management.
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- A less severe form of involuntary termination is often referred to as a layoff.
- A layoff is usually not strictly related to personal performance, but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer.
- Often, layoffs occur as a result of "downsizing", "reduction in force", or "redundancy. " These are not technically classified as firings; laid-off employees' positions are terminated and not refilled, because either the company wishes to reduce its size or operations or otherwise lacks the economic stability to retain the position.
- However, "layoff" may be specifically addressed and defined differently in the articles of a contract in the case of unionized work.
- This is usually true in the case of a layoff.
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- For instance, a manager might have a duty to keep an upcoming layoff secret until plans for severance pay and outplacement for those affected can be outlined.
- In the example above, a manager might ask if the employees will be better off receiving advance word about the layoffs while facing uncertainty about what benefits they may receive.
- In this example, assume the manager, some of his employees, and their peers will not be part of the layoff.
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- ., layoffs).
- Layoffs, particularly during recessions, are a common reason for employee dismissal.
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- Put another way, by selling more, the costs of raw materials are spread out; meanwhile, the cost of waste is paid for by the general public in the form of pollution, industrial disasters, health costs, job layoffs, climate change and so on.
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- Historically, performance appraisals have been used by companies for a variety of different purposes, including salary recommendations, promotion and layoff decisions, and training recommendations (Kulik, 2004).
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- But companies do fall behind, and as a result growth and profits quickly turn to layoffs and losses.
- Business will always have companies that are growing and companies that are dying, and downsizing and layoffs are a natural part of that cycle.
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- Some people question a government's role in financing.When a government directly lends, the government squeezes the financial institutions out of the loan market.Furthermore, the federal government loan guarantees increase the problem of moral hazard.Financial institutions receiving the loan guarantees might not screen borrowers as much, lending to borrowers with a high default risk.For example, the effects of the 2007 Great Recession continue to linger in the U.S. economy, even in 2014.Recession caused mass layoffs and doubled the unemployment rate.Then the housing values continue to plummet while foreclosures continue soaring.Consequently, the U.S. government might be liable for trillions of dollars in loan guarantees and bailout of public corporations.We explain several examples below:
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- This may happen because of layoffs, a change in company strategy, or a scarcity of a certain type of employee.
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- Finally, HR is involved in employee terminations—including resignations, performance-related dismissals, and layoffs.