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Getting Fired: What To Do If You're Fired, Downsized, Laid Off, Restructured, Discharged, Terminated, Or Forced To Resign

Getting Fired: What To Do If You're Fired, Downsized, Laid Off, Restructured, Discharged, Terminated, Or Forced To Resign

          
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About the Book

Editorial Reviews - Getting Fired Features - Getting Fired Read a Sample Chapter Read a Sample Chapter Getting Fired By Steven Mitchell Sack Warner Books Copyright © 1998 Steven Mitchell Sack All right reserved. ISBN: 0-446-60856-4 Chapter One An Overview of Current Law and Trends Radio and television interviewers frequently ask me why I say that a job is like a romance. My answer is that companies woo applicants with promises of security, fulfillment, and riches. Then, when the honeymoon is over, even highly qualified people often find themselves being treated unfairly. Many don't receive promised benefits, such as year-end bonuses, commissions, and overtime. Others are fired without cause or notice through no fault of their own. Being fired is never good news, and the fact is that hundreds of large companies throughout the United States continue to announce major layoffs. In a layoff (also called a downsizing or a restructuring), many members of a company, a division, or a department are terminated en masse due to the company's perceived financial constraints, budget considerations, or merger with another company. These layoffs differ from one-on-one firings, where only one or several individuals are let go. In the past, younger workers with less seniority were generally the first to be laid off in a corporate downsizing to reduce payroll costs. But because younger workers were typically at the low end of the wage scale, companies learned they would have to make substantial cuts to achieve meaningful savings. They realized it was more effective to offer early retirement and severance packages to older workers at the top of the wage scale as the way to reduce costs and stay competitive. This enabled them to fire fewer workers but achieve the same result. Although this tactic appears to be discriminatory because it targets older workers, some employers found that it was legal when disguised as an offer of an early retirement package. Fed


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Product Details
  • ISBN-13: 9780446608565
  • Publisher: Grand Central Publishing
  • Binding: Paperback
  • ISBN-10: 0446608564
  • Publisher Date: 2000
  • Language: English

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