Don’t be Penny-Wise and Dollar Foolish
Let’s face it, layoffs are inevitable in these hard economic times. We are constantly bombarded with media reports of massive layoffs. While laying off employees may be necessary for your company to survive in this economic climate, the lawsuits that may follow from a poorly executed layoff plan can financially cripple your company. Even worse, the costs of the lawsuit can be greater than the laid-off employee’s salary and benefits.