The Risky Business Of Layoffs

The Risky Business of Layoffs During difficult financial times companies typically have to do whatever they'll to cut back and control costs, which generally contains lowering their workforce. Reductions can potentially expose the organization to quite a lot of risks similar to lawsuits, tarnished manufacturers and less than engaged employees, all of which might carry a hefty price ticket. Financial risks might be the most apparent concern for all employers with reference to value containment. In the US alone, 97,443 expenses with the EEOC in 2016 â€" with a mean out-of-courtroom settlement cost of $40,000 for employment-related claims . In addition, in 10% of all wrongful termination suits plaintiffs have been awarded 1 million dollars. Layoffs can be a risky enterprise from a monetary risk viewpoint. Historically the practice of providing outplacement assistance was utilized primarily by email. Notify me of recent posts by e mail. Of Latest blog. Email Address Instant Access South Harvard Ave, Suite A Tulsa, OK Phone: (918) Toll Free: (866) We help employers all through the worker life cycle - beginning with identifying, choosing and on-boarding the best people, to growing their management skills, to exiting the group. Career Partners International CPI Privacy Statement Locations List Career Development Partners can assist you anywhere in the world by way of our partnering agency, CPI.