January 14, 2008
10 Strategies for Fast Profits (Employee Separation)
Looking for a way to see a quick return on your investment? Even in a down economy there are things you can do to make your money grow. Here are 10 strategies you can use, straight from the new book Fast Profits in Hard Times. Continue
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o Replace high cost personnel with low cost workforce (note: be careful on age discrimination here). Using an employee dismissal Form At The dismissal Meeting. Not only does the business sacrifice performance, but the victim of this gossip may claim the business and its management have violated their rights. o The employee's legal counselor who wants to put the worst possible spin on everything you write. This is where having a worker firing form comes in handy. This also includes instances where the worker breaks even minor firm policies. When Counseling Doesn't Resolve the Problems with Insubordinate employees. Third, when a worker resigns, you must ask him write a resignation letter to you giving the reason he's leaving the firm. You hear from her legal defender you separated her because she refused to sleep with the manager. To make changes in the company based on the responses collected in exit interview forms, you have to show the data supports your actions. Therefore, a worker's dismissal should never surprise him. You should list any monetary compensation and make clear any employee benefit packages the former worker should receive.
The company may want to add other information to the employee warning form. o Are you sacking the jobholder for an improper, stupid or "no" reason? o Employer wouldn't or couldn't adapt to the jobholder's physical and mental condition. Make sure your company's legal defender reviews and approves it.