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25 Cards in this Set
- Front
- Back
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What are employee separations?
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occurs when an employee ceases to be a member of an organization
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What is a turnover rate?
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Rate at which employees leave a firm
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What does the cost of employee separations depend on?
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whether managers intend to eliminate the position or to relace the departing employee
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What are elements of turnover cost?
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recruitment, selection, training, separation, exit interview, outplacement assistance
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What is an exit interview?
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employees final interview following separation (find out why?)
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What is outplacement assistance?
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helps former employees to find new job more easily
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What are some benefits for employee separations?
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Reduced Labor Cost
Replacement of Poor Performers INcreased innovation The opportunity for Greater diversity |
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What are voluntary separations?
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separation that occurs when an employee decides for personal or professional reasons to end the relationship with the employer; avoidable or unavoidable
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Describe the two different reason an employee quits.
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Employees level of dissatisfaction with the job
The number of attractive alternatvies the employee has outside the organization |
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Why use voluntary severance plans?
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reduce size of WF while avoiding the negative factors of layoff
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What are involuntary separations and what are two reasons that management would enact them?
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Management decides to terminate the relationship with the employee:
economic activity poor fit |
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What is a discharge?
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when management decides that there is a poor fit between an empolyee and the organization
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What are layoffs?
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employees lose job due to company's envoronment changes
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What is downsizing?
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Reduce the scale (size) and scope to impirove financial performance
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What is rightsizing?
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Reorganizing a company to improve efficiency.
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What are some features of early retirement plans?
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Package of financial incentive that makes it attractive for senior employees to retire earlier than they had planned.
Open window- restricst eligibility to accept it |
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How do you avoid problems with early retirements?
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Should assess popularity
Should not make employees feel they are being forced to leave |
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What are some alternatives to layoffs?
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Employment policies, changes in job design, pay and benefit policies,
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What is attrition?
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Employment policy designed toreduce company's workforce by not refillling job losses caused by turnover.
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What is bumping?
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Senior exmployee whose job is eliminated to bum down to another position.
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What is WARN?
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Workers Adjustment and Restraining Notification Act. 60 days notice for major layoff
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What are the steps to implementing a layoff?
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Developing layoff criteria (seniority)
Communicating to laid-off employees coordinating media relations maintaining security Reassuring survivors of the layoffs |
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What is the percentage of employees who heard of a layoff by word of mouth?
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50%
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What is outplacement?
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HR program created to help separated employees deal with the emotional stress of job loss and provide assistance in finding a new job
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What are the goals of outplacement?
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Reducing morale problems of employees who are about to be laid off
Minimizing the amount of litigation initiated by separating employees Assisting separated employees in finding comparable jobs |
