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A management student needs not only to have theoretical knowledge but must also be equipped to deal with practical operations of a company, which for a day to day part of the organization’s working. Every company goes through financial ups and downs, and during times of economic instability, every organization needs to undertake certain unpleasant procedure to regain its balance and security.
Retrenchment and Layoffs are some of those procedures. B-schools often ask students to conduct assignments on layoffs and this has often led students to trouble. They already have a lot to deal with, and on top of that a huge pile of assignments can be really unnerving. So to help students and to share their loads, myhomeworkhelp.com extends superior quality Layoffs assignment Help.
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Things you need to know about layoff:
To begin with one might ask what this procedure of Layoff is. Well Lay off refers to reducing the number of employees employed in a company. It can be seen as a part of the whole retrenchment procedure where a company is trying to reduce its overall scale of operation in various ways.
The main problem here is a financial crisis, and the company’s motif is to reduce expenses so as to regain a position of stability. Reducing employees reduces expenses and so employees who (according to the companies) do not contribute majorly to the companies functioning, are laid off.
Of course there are several formal procedures involved and the management cannot simply sack an individual with keeping a few things in consideration.
While conducting a lay off procedure, there are things which are to be remembered. Some of them have been listed down by our Layoffs assignment Help team:
- Every employee’s function and performance must be analyzed.
- The procedure should be conducted with due respect to employees.
- The procedure must be fair and just.
- A company must offer to provide a good reference while they lay off employees.
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