Tuesday, June 02, 2009
Tweet[IWS] WorldatWork: SEVERANCE & CHANGE-IN-CONTROL PRACTICES (Survey) [May 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
WorldatWork.org (The Total Rewards Association)
The following is locate at the Research and Surveys Page
http://www.worldatwork.org/waw/Content/research/html/research-home.jsp
Severance and Change-in-Control Practices
A Research Report by WorldatWork and Innovative Compensation and Benefits Concepts LLC (ICBC)
May 2009
http://www.worldatwork.org/waw/adimLink?id=32900&nonav=yes
[full-text, 19 pages]
The current economic environment is dramatically different than those of any of the past three survey years (2003, 2005 and 2007), and this is clearly reflected in this year's survey results. With companies trying to survive what several experts have called the deepest recession since the Great Depression, many have identified their most immediate cost-cutting weapon to be the reduction in force (RIF) or layoff.
Several years of stock market gains have been erased in a matter of weeks, for some companies resulting in stock market levels not seen since 1998. Since the RIF/layoff is such a prevalent tool in this recession, knowing how to design an effective and responsible severance and CIC program has never been more important than it is today.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
WorldatWork.org (The Total Rewards Association)
The following is locate at the Research and Surveys Page
http://www.worldatwork.org/waw/Content/research/html/research-home.jsp
Severance and Change-in-Control Practices
A Research Report by WorldatWork and Innovative Compensation and Benefits Concepts LLC (ICBC)
May 2009
http://www.worldatwork.org/waw/adimLink?id=32900&nonav=yes
[full-text, 19 pages]
The current economic environment is dramatically different than those of any of the past three survey years (2003, 2005 and 2007), and this is clearly reflected in this year's survey results. With companies trying to survive what several experts have called the deepest recession since the Great Depression, many have identified their most immediate cost-cutting weapon to be the reduction in force (RIF) or layoff.
Several years of stock market gains have been erased in a matter of weeks, for some companies resulting in stock market levels not seen since 1998. Since the RIF/layoff is such a prevalent tool in this recession, knowing how to design an effective and responsible severance and CIC program has never been more important than it is today.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 4:10 PM
