Essay on "Termination of Employees for Economic Reasons"
Essay 3 pages (1059 words) Sources: 2 Style: APA
[EXCERPT] . . . .
Termination of Employees for Economic ReasonsDespite being an unpleasant task, there may be a number of reasons when termination of employees becomes a necessity. Current trends involving mergers and acquisitions have made a number of staff redundant and some employees may have to be terminated for economic reasons. Business downsizing has become a necessity for companies to maintain their competitiveness in the market. The cheap labor available in Third World countries has made this situation even more difficult. Companies often have to make the hard choice between not automating their processes and thus going out of business or automating their systems and terminating the employees whom the process of automation has made redundant. ("Employee Dismissal: Facts about employee dismissal for employers," n. d.); ("Labour, Employment and Human Rights Law," 2009)
Most countries like France, Norway, The Netherlands, Sweden, UK, U.S. And Australia view termination of employees on economic grounds to be fair and legal. (Leat, 2007) However, employee termination is always a difficult job and the manner in which it is done can impact business productivity and the workforce. It can also have important implications in the political, social and economic domains. Therefore, an employer must not only keep legalities in mind but also make it a point to act in an unbiased and professional manner using tactful language and maintaining the dignity of the employee before his/her colleagues. ("Employee Dismissal: Facts about employee dismissal for employers," n. d.); (Njoya, 2007)
Employers must fulfill certain basic obligations when dismissing employees for economic reaso
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Most of the times termination of employees for economic reasons results in collective layoffs when a significant fraction of the workforce is laid off. Secondly, employers must take care that the criteria on which employees are chosen for dismissal are objective. For instance, employers should take into account various aspects like seniority, family situation, etc. while dismissing employees. Thirdly, there must be efforts to redeploy those employees whose designations have been abolished. This must include identifying suitable positions where the employees can be assigned to after retraining. (American Bar Association; Committee on Negotiated Acquisitions, 2006); (Njoya, 2007)
Many countries require employers to provide an advanced (one month or more) written notification to the employee(s) citing the correct reason for termination. The employer may have to face legal action and pay financial compensation if… READ MORE
Quoted Instructions for "Termination of Employees for Economic Reasons" Assignment:
I need an essay on how to terminate employees because of downsizing or economic conditions as gracious and professional as possible
I need two references that are scholarly and no earlier than 2005
Direct or indirect quotes should not exceed 15% of the total paper
This must be using APA guidelines at a graduate Masters level
How to Reference "Termination of Employees for Economic Reasons" Essay in a Bibliography
“Termination of Employees for Economic Reasons.” A1-TermPaper.com, 2009, https://www.a1-termpaper.com/topics/essay/termination-employees-economic/5536. Accessed 5 Oct 2024.
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