As Nation is Flooded by Layoffs -- A Tsunami of Severance Packages Hits Career Protection[R].We Hate to Say "We Told You So," but Career Protection's Annual 2008 Layoffs Forecast Was Correct in Its Prediction of Massive Layoffs for This Year Over 1,375 Corporate Executives Nationwide Completed the Confidential Annual Survey Regarding Reduction-in-Force Plans Conducted by the Employment Law and Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Experts of CareerProtection[R].com LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Career Protection's[R] Annual 2008 Layoffs Forecast in January painted an ugly forecast of layoffs for this year, and its prediction was accurate. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding reduction-in-force plans conducted by the employment law and human resources experts of CareerProtection[R].com. Career Protection's[R] Annual Layoffs Forecast[c] predicted a 37% increase in companies planning layoffs and reductions in workforce this year. "This was our worst layoff forecast in the past five years, but we never expected the job cut numbers to be this large," says Kirk Nemer, J.D., SPHR SPHR Senior Professional in Human Resources SPHR Solidarity for Palestinian Human Rights SPHR Sphere , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Career Protection[R]. Major companies which recently announced layoffs include the following: Mattel, Ford, Motorola, Citigroup, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , DHL DHLabbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature , Sun Microsystems, Glaxo Smith Kline, HP, American Express, Xerox, PepsiCo, Merck, National City, Yahoo, eBay, General Motors, Starbucks, Whirlpool, Qwest, and Chrysler. "It is clear that the severance package offers will not be as generous in their severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. as they have been in the recent past." Nemer added that, "It is more important now, more than ever, to negotiate severance package offers as they're not a 'take-it-or-leave-it' situation." It is best to have expert employment law advice, since companies force employees to sign a Separation Agreement and Release of Legal Claims in order to receive their severance pay packages. A common mistake regarding severance pay is the belief that it is not open to negotiation. This is not true. Please read "The 8 Biggest Severance Pay Mistakes" at http://www.careerprotection.com/severancepay.html. Career Protection[R] is a national leader in negotiation of employment issues, including severance pay, employment agreements and separation release agreements. Visit http://www.careerprotection.com to learn more. About CareerProtection.com: Career Protection[R] is the only HR and Legal Solution[TM] organization dedicated to assisting executives and professionals on a nationwide basis. The company's human resources and employment law experts work to protect the careers and legal rights of their clients. Kirk D. Nemer, CEO of CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law. |
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