August 27, 2007
Written Warning - Bush tries to calm skittish investors (AP)
AP - President Bush sought to calm nervous investors Tuesday as the Federal Reserve plowed $3.75 billion into the financial system, the latest efforts to stanch a spreading credit crisis that has unhinged Wall Street.
Sacking A Bad employee Without Fear of A worker firing Penalty. Learn how other small company owners are sacking problem employees while lowering their risk of wrongful layoff lawsuits. And, when you lose the litigation, the judge may force you to pay for the ex-worker's attorney as well. In particular, for productivity problems and minor misbehavior, written warnings serve as notice of the standards and your expectations. If you don't layoff some people today, you'll bankrupt the small business and no one at your small company will have a job. And, if you're sued you have a good chance of prevailing in court. A jobholder-employer stalemate of this kind can only make it worse and the boss must address this right away. For every dismissal, you must know the risk of paying out a big improper dismissal award. For instance, a jobholder might claim that you discriminated against them during the lay off, or that you did not give them ample warning.
An employee dismissal form also helps to ensure you don't layoff a worker on impulse. If you find the laid off worker has gotten her legal counsellor involved unexpectedly, just make a change. If the worker fails to upgrade as the result of progressive discipline, you'll have built up enough of a case to separate the jobholder without risk of facing a legal action. If you search the Internet, you'll find a few sample employee termination notices. For example, you would like your separation notice to reflect the business and your position, not someone else's. As Dr Franco Gandolfini notes, 60-70% of your workforce will be indifferent, 10-15% will be openly hostile or subtly try to sabotage the changes to show management it has been ineffective.