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Layoffs: How To Conduct Them Properly And Potentially Avoid Them Altogether

HR Tech Girl

I’ve been managing people and budgets for over 20 years, and I was a CFO in 2008 when the recession hit and we had to drastically cut the company budget. and offered huge compensation packages without considering how sustainable this practice would be. Unfortunately, that included laying off a portion of our team.

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Key Compliance Changes in 2024: What Brokers Need to Know

Extensis

New proposed ruling regarding the MHPAEA The Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) mandates parity between mental health/substance use disorder benefits and medical/surgical benefits. With the changes come a need for employee education for how to use the tools available.

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Reduce Financial Stress with This Type of Insurance

Best Money Moves

One of the things we saw after the recession in 2008 was many companies were so financially stressed that they started cutting their benefits. He says it’s important to communicate that cost comparison so employees know what they’re getting. “An How Employer-Sponsored Life Insurance Can Reduce Financial Stress.

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Guardian’s 11th Annual Workplace Benefits Study: An Overview of PEO Trends

Extensis

Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why. Candidates choose jobs based on compensation packages, especially the value of the benefits offered. This is in comparison to only 5 in 10 employers who aren’t PEO members.

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Filling a Skills Gap in Manufacturing

ExactHire

This is in drastic comparison to a decade ago, when during the Great Recession the unemployment rate began its steep rise (it would ultimately top out at 10% in October 2009 ). This explains why from 2002-2008 production increased while employment levels decreased.

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Retention During a Recession: 5 Ways to Keep Top Talent

Bonusly

That’s definitely not what we saw in the 2008 recession when workers were happy to go far beyond their duties just to keep their jobs. times more important than compensation in predicting turnover. The money your company will save on coffee may pale in comparison to the goodwill and collegial connections you’ll lose.

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10 Best HRMS Softwares in 2020: For Small & Medium Enterprises

Vantage Circle

Founded in 2008, BambooHR, is one of the popular HRIS in the global market. Compensation. Comparison based on Pricing for different software providers. Vist Website. Customer Support. Mobile App. Best suited for small and medium enterprises, the company now established its presence in more than 100 countries. Onboarding.