MHR 523 Lecture Notes - Lecture 11: Job Satisfaction, Employee Engagement, Severance Package
27 Jan 2017
School
Department
Course
Professor
Document Summary
Voluntary turnover: decision made by employee. Layoff: separation interview, administration, separation or severance pay. Vacancy costs: temporary workers, overtime, loss of sales due to vacancy. Reasons for voluntary turnover: suboptimal hiring practices, difficult managerial style, lack of recognition, lack of competitive compensation systems, toxic workplace environments. Reasons for involuntary turnover: unacceptable job performance, economic/financial pressures, new strategic decision. Should be fair, after all reasonable steps taken to rehabilitate employment relationship. Clear expectations of acceptable behaviour: 2. Dismissal for just cause: termination based on poor behaviour; no severance or additional notice period required. Insubordination: disregard or disobedience of authority; often provides grounds for just cause. Alternatives: pay reduction, use of vacation time, contingent workers, work sharing. A recent study showed that downsizing has a negative impact on stock market returns. The negative effects were reduced or eliminated if the firm adopted a relocation strategy or. Investors generally respond negatively to the announcement of a layoff downsizing incentives.
