Top 10 Lessons Learned : Layoffs

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Top 10 Lessons Learned : Layoffs

Many companies - large and small - are having to layoff employees for the very first time.

Doing this challenging task poorly can lead to a plethora of complications down the road.

Published in: Business, Technology
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Top 10 Lessons Learned : Layoffs

  1. 1. Top 10 Lessons Learned: Layoffs Nora A Burns, SPHR www.insightfulendeavors.com Twitter: @NoraBurns / @PHRSPHR Direct Phone: 303.862.2697 © 2009 Insightful Endeavors International, Inc
  2. 2. Now More Than Ever   Nonfarm payroll continued to decline in June (-467,000)   Large declines in manufacturing, professional & business services and construction   Unemployment rate 9.5%   14.7 million people   4.4 million of those are “long-term unemployed” (27+weeks) Bureau of Labor Statistics - US Department of Labor - July 2, 2009
  3. 3. Unemployment Rate by Segment   Adult Men: 10%   Adult Women: 7.6%   Teenagers: 24%   Whites: 8.7%   Blacks: 14.7%   Hispanics: 12.2% Bureau of Labor Statistics - US Department of Labor - July 2, 2009
  4. 4. EEOC Complaint Trending   All Statutes (Title   Pregnancy VII, ADA, ADEA and Discrimination EPA) Charges Charges   FY 2004: 79,432   FY 2004: 4,887   FY 2005: 75,428   FY 2005: 4,730   FY 2006: 75,768   FY 2006: 4,901   FY 2007: 82,792   FY 2007: 5,587   FY 2008: 95,402   FY 2008: 6,285 US Equal Employment Opportunity Commission
  5. 5. EEOC Complaint Trending   Sex-Based Charges   Race-Based Charges   FY 2004: 24,249   FY 2004: 27,696   FY 2005: 23,094   FY 2005: 26,740   FY 2006: 23,247   FY 2006: 27,238   FY 2007: 24,826   FY 2007: 30,510   FY 2008: 28,372   FY 2008: 33,937 US Equal Employment Opportunity Commission
  6. 6. Lesson 1: The Buyout © 2009 Insightful Endeavors International, Inc
  7. 7. Lesson 2: Early Retirement © 2009 Insightful Endeavors International, Inc
  8. 8. Lesson 3: Role of Empathy © 2009 Insightful Endeavors International, Inc
  9. 9. Lesson 4: The Tee-Up Counts
  10. 10. Lesson 5: Be Real “If this were a real financial emergency…..layoffs would be greater than [11%]” -Executive of firm that had just cut 24 of their 224 positions
  11. 11. Lesson 6: When Source: Employment Spectator April 14, 2009 http://www.employmentspectator.com/2009/04/ update-laying-off-nurses-immediately-does-not-mean-during-surgery/
  12. 12. Lesson 7: Who © 2009 Insightful Endeavors International, Inc
  13. 13. Lesson 8: Speed © 2009 Insightful Endeavors International, Inc
  14. 14. Lesson 9: Appreciate Differences © 2009 Insightful Endeavors International, Inc
  15. 15. Lesson 10: The Survivors © 2009 Insightful Endeavors International, Inc
  16. 16. BONUS Lesson: Options Source for Quote: inlandsocial.com June 24, 2009
  17. 17. Thank you! Contact Information: Nora A Burns, SPHR Nora@Insightfulendeavors.com www.insightfulendeavors.com Twitter: @NoraBurns / @PHRSPHR For a list of our upcoming programs please visit: www.insightfulendeavors.com/calendar © 2009 Insightful Endeavors International, Inc

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