Severance package

workforce. This type of strategy would show the compassion that Lisa Bosworth has for her employees and it will restore faith, trust, and efficiency in all the employees that will stay employed in Westwood Publishing Company. Even though the voluntary severance and early retirement program was not Bosworth’s idea I believe that she needs to stand and be the face of the company when the bad times come around. This shows a lot of strength and character that allows her employees to empathize and…

negative will require administrative action. Over the past 40 years, Lockheed Martin has dealt with numerous changes. Despite the changes, Lockheed has accepted the challenges and overcome them. First, Lockheed had ethical issues with the Total Package Pricing, the merger with Martin Marietta, and in 2012, Rob Wile explains Lockheed took action to terminate their incoming CEO for an inappropriate relationship with a subordinate employee. While Terris (2005) credits Lockheed’s senior…

retaliated (legal battle) against Universal Foods since they did not have just cause to dismiss him and he would have won (Canada, N. F., 1981). Relocation counselor Eric Barton was paid 10,000 to defuse Wilson while they paid him a twelve-month severance package (Canada, N.F., 1981). Although Biff was not terminated because of his age from Universal Food, he would soon learn that his age would hinder him from obtaining another position within the business world. Wilson was rejected from many…

In her article "Shooting the messenger: Why Canadians don't blow the whistle on wrongdoing" Suanne Kelman aims to unravel the Canadian stigma regarding whistleblowers. Last year, when Wikileaks declassified a large quantity of corrupt government documents, the general canadian's reaction was not one of solidarity, but rather of condemnation. Kelman believes that, "somewhere in the Canadian psyche there seems to be a rooted belief that whistleblowing is not nice"(200). This explains why the…

evidence to support their decision. As stated in the article “Is The At Will Doctrine Crumbling” employers of at will employees should be required to provide as severance package for a limited amount of time prior to termination. “Employers have become more generous concerning severance pay and other post dismissal benefits. In years past, severance pay was customarily limited to two weeks, or to one month at most. Currently, however, some enlightened companies when laying off salaried employees…

I believe optional benefits, for example, pension plans, life coverage, stock bonuses, dental and child care, and cafeteria plans have come to be expected by workers (Noe, 2011). These benefits are from time to time negotiated between the employee and the employer as conditions for employment. Despite the fact that these benefits are not required by law, however once they are part of the employee contract, in which the business has to offer them to the employee. Optional benefits are those…

Ethically managing compensation definition. Bloom (2004) stresses “Compensation systems can be both powerful determinants and important reflections of organizational values and ethics” (p. 151). According to Bloom (2004), "Compensation systems are almost always set and administered by the most powerful members of an organization . . . and imposed upon the least powerful which . . . an organization relies on for its survival and success (p. 151). Judging the ethics of compensation practices…

that he does not have an employment contract with an enforceable termination provision, therefore he was wrongfully dismissed. When one is dismissed without cause, they are entitled to a termination notice or pay in lieu of notice, also known as severance pay. The notice period or payment in lieu of notice period is determined by looking at the employment contract, termination provisions in the ESA, and the common law. Since an enforceable termination clause is void, Hussain is entitled to…

1. Trust is of critical importance in business. Josephson defines trustworthiness as one of the six pillars of character. Rights theory would “consider rights of stakeholders and related duties to them.” (Mintz, p. 23) Corporate stakeholders include shareholders, the board of directors, employees, banks, and the general public. Trust is a key component of the ability to transact business. If shareholders cannot trust a company they would not be willing to invest in it. Employees that could…

Compensation Packages Senior executives at Holiday Inn are compensated differently than other employees. An executive compensation package for Holiday Inn consisted of their base salary, benefits, cash bonuses, and long-term incentives. The board is in charge of setting the base pay for the executives and it is quite competitive. Many benefits that executives receive tend to differ from that of lower level employees as well. Consequently, executives tend to have a higher level of health…