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legal issues in reduction of workforce

   
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Title: legal issues in reduction of workforce
 
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Subject: Business
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Date: May 10, 2000
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Length: 6 / 1602
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Some of the employees that have been with the organization for a long time may be looking to retire or would be interested in a severance package: Years of service generally are the basis for determining severance payment for all but the most senior employees...
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One week's salary per year of service is the most common tenure, based severance benefit for exempt and non-exempt employees, while two weeks is the median for officers and other executives (May & Brandenburger, 2003, 20). It is also possible for an employee who has been with the organization for some time to become comfortable in their position and do less work than a new hire that is trying to prove that he or she is an asset to the company...
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