The Layoff Business
This post contains information that should come as no surprise. It goes to show that someone’s bad news can be someone else’s good news.
According to a recent article in the New York Times, the layoff business was the business to be in during 2008 and will be again during 2009. Businesses specializing in “career transition” are swamped. Right Management had a 39% increase in profit in ’08. Ayers Group saw a 75% spike in its career transition work last year.
If my previous posts (click here, here, here, here, here, and here) urging the consideration of alternatives to layoffs haven’t convinced you, and your employer plans to layoff employees in ’09, this article is worth the read. I’m sure some career transition companies are better than others, but the Times article points to several ways such a company can ease the pain of a layoff and help an employee to move ahead.
This isn’t as good as keeping a job, but it’s better than being shown the door with no help in sight.
About Chris Parker
Chris Parker's practice focuses on the representation and counseling of companies in matters pertaining to the workplace and the protection of their intellectual property and trade secrets. In addition to serving as an advocate for clients, Mr. Parker is also trained as a mediator and frequently serves as a third-party neutral.
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About Jimmy Daniel
Jimmy Daniel provides counseling to businesses of all sizes related to the employment relationship. He assists in the drafting of employment agreements, policies, and handbooks, as well as provides guidance related to compliance with federal, state, and local legislation such as the Fair Labor Standards Act and the Family and Medical Leave Act.
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About Larry Bridgesmith
While serving in an Of Counsel relationship with the firm, Mr. Bridgesmith also serves as the Executive Director at the Institute for Conflict Resolution at Lipscomb University and as an officer and principal in Strategic Resolutions Group, LLC. In these roles, Mr. Bridgesmith brings over 30 years of legal experience in dispute resolution and innovative workplace strategies to clients, students and business entities alike.
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