MHR 523 Lecture Notes - Lecture 10: Severance Package, Punitive Damages, The Employer

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21 Jul 2016
Department
Course
Professor
Lecture 10: Managing Employee Separations Chapter 15
Monday April 4th, 2016
Employee-Employer Relationship
employment contract
oformal agreement between employer and employee
oemployee cannot be prematurely dismissed without just cause if a term is specified
implied contract
oindefinite period of time, may be terminated by either party with reasonable notice
omore common
Turnover
Turnover: the terminations of an individual’s employment with the organization (pg.416)
oVoluntary Turnover: Quits, retirements or resignations
oInvoluntary Turnover: Dismissal or layoff
Reasons for Turnover
Impact of Turnover on the Organization
Voluntary Turnover
As an HR manager, when an employee quits, what questions should you be asking?
Is there discrimination, are we providing enough compensation, is the
relationship between employee and employer good?, lack of recognition, lack of
movement
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Involuntary Turnover
As an HR manager when an employee is fired, what questions should you be asking?
Hire too many people (issue of forecasting demand), didn’t conduct right
selection test (hire people that aren’t skilled enough), training wasn’t efficient
The Cost of Turnover
Direct Costs
oSeparate, vacancy, replacement, training costs
Indirect Costs
oEmployee morale, productivity
Voluntary Turnover
unanticipated challenges of replacing employee
reasons for voluntary turnover:
oSuboptimal hiring practices
oDifficult managerial style
oLack of recognition
oLack of competitive compensation systems
oToxic workplace environments
Involuntary Turnover
Reasons for involuntary turnover:
Just cause (termination)
Financial pressures/cost cutting (layoffs)
Restructuring/change in org. direction (downsizing)
Downsizing
Activities undertaken to improve organizational efficiency, productivity, and/or competitiveness
that affect the size of the firm’s workforce, its costs, and its work processes” (pg. 261).
Why do Organizations Downsize?
Declining profits
Business downturn
Increased pressure from competitors
Organizational merger
New technology
Reduce operating costs
Decrease levels of management
Getting rid of employee “deadwood”
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