TITLE

How to avoid redundancies when recession bites

AUTHOR(S)
Carter, Caroline; Fletcher, Clare
PUB. DATE
December 2008
SOURCE
People Management;12/11/2008, Vol. 14 Issue 25, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers tips for employers to avoid redundancies during recession. The employer should specify as part of the redundancy consultation that it reserves the right not to accept all or any applications for voluntary redundancy, particularly if it considers that it is in the best interests of the organisation to retain certain staff. According to the article, secondments may not be cost-effective where the employer fails to charge the host company a fee that covers the employee's salary. However, partial secondment and sharing the salary may work.
ACCESSION #
35961201

 

Related Articles

  • How to.. manage labour costs. Craig, Tara // Personnel Today;1/20/2009, p29 

    The article presents ways for human resource (HR) professionals to manage labour costs. It mentions the tussle between finance and HR professional on issues like job cuts, where the HR professional normally loses and advices that it must be taken care that the company is not left without key...

  • HR resolutions. Hathaway-Smith, Paul // Personnel Today;1/13/2009, p6 

    The article presents information on the job cut during 2008 to offset the losses caused by the global recession. The tens of thousands of job cuts announced at the end of 2008 seems to be one of the toughest years yet faced by HR professionals. Alison Jenks, HR director at tea manufacturer...

  • expert's view... Simmonds, John // Personnel Today;1/20/2009, p29 

    The article presents views from an expert on managing labour costs in the wake of the recession. The biggest challenges, it reports, is to streamline their processes and cut back on recruitment spend, with a shift towards making efficiencies on labour spend. It advises against making rash...

  • Communicating beyond ratings can be difficult. Marquez, Jessica // Workforce Management;4/24/2006, Vol. 85 Issue 8, p35 

    The article discusses that resentment over being deemed average prevents some employees from taking in the full content of performance reviews. The introduction of formal ratings to determine compensation is particularly hard for employees who have been meeting expectations but are rated as 3s,...

  • Tough times pinch pay, benefits. Francis, David R. // Christian Science Monitor;12/31/2001, Vol. 94 Issue 26, p1 

    Focuses on the impact of a United States recession on employee pay and benefits, such as severance packages and 401(K) plans. Forecast that cuts in pay and benefits may continue throughout an economic recovery; Details of various cost-cutting plans, including suspension of raises and compulsory...

  • HR Salaries Weaken With the Economy. Dooney, John; Esen, Evren // HR Magazine;Dec2008 SHRM's 2009 HR Trend, Vol. 53, p8 

    The article reports that human resources (HR) salaries has weakened with the economy. It says that the incentive compensation beyond base pay decreased for HR professionals in 2008, according to the 2008 survey of HR compensation conducted by Watson Wyatt Data Services (WWDS), part of the...

  • SPEENHAMLAND SYSTEM. Øyen, Else // Poverty: An International Glossary;2006, p188 

    A definition of the term "Speenhamland system" is presented. It refers to a system of allowances paid in Great Britain to labourers to supplement their wages, the amount of such allowances being related both to the prevailing price of bread and to the size of the labourer's family. The system...

  • Pay and Compensation in family-owned businesses. Sheehy, Jason // Accountancy Ireland;Dec2005, Vol. 37 Issue 6, p76 

    The article presents the author's views on making the family-owned businesses successful. According to the author, a well structured compensation system may be a strong concern for the succession of a family-owned business. Remuneration is considered a sensitive topic in most of the...

  • On the Ri$e. Vocino, Joe // HR Magazine;Nov2003, Vol. 48 Issue 11, p74 

    Presents the results of the annual compensation survey "2003 Human Resource Management Positions Module," in the U.S. Human resources (HR) positions which saw wage increases; Forecasted average pay increases in 2003 and 2004; Most common incentives awarded for executive positions in HR. INSET:...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics