- Employee Benefits
- A Comprehensive Guide to the Legal Obligations, Penalties Compliance and Encryption Solutions
- COBRA Subsidy Extension Becomes Law
- eLECT HR Solutions Debuts
- Human Resources
- Great Lakes Employee Benefits Background
- Making Tough but Smart Decisions in an Economic Downturn
- Finding a Complete International HR Solution
- Retirement
- Using NuView's Technology to Serve Employees Better
- Great Lakes Employee Benefits Background
- Risk Management
- A Comprehensive Guide to the Legal Obligations, Penalties Compliance and Encryption Solutions
- Great Lakes Employee Benefits Background
- Finding a Complete International HR Solution
- Talent Management
- Finding a Complete International HR Solution
- Using NuView's Technology to Serve Employees Better
Making Tough but Smart Decisions in an Economic Downturn
04/16/2009 - By Shafiq Lokhandwala Making Smart Decisions during a Reduction in Force within a company
The statistics are staggering. Total U.S. job losses of 600,000 in January, followed by 651,000 jobs lost in February. As the economy continues its downward spiral, the employment market still hasn’t seen the end to job shedding yet. Unemployment peaks after the economy has reached its bottom - not before.
Unfortunately, companies will need to continue to downsize and the unemployment rate is predicted to rise close to 9 percent by August of 2009 or even sooner. With such somber news, how will Human Resource Departments be able
to make well-thought out decisions on reduction in force?
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