Six Post‐Recession Strategies to Minimize Employment Risks
When the economy fell apart, companies immediately began scrambling to cut costs anywhere they could. One of the easiest ways to save money was to eliminate programs that did not generate revenue for the bottom line, putting human resources and training budgets on the chopping block for many organizations.
As the country begins to see signs of an improving economy, employers would be wise to reconsider many of those budget cuts. The revenue‐generator litmus test starts to look short‐sighted when you factor in potential litigation costs, which never help the bottom line and can often be avoided with proactive efforts.
This article explores six preemptive strategies that employers need to consider to minimize the risk of employment liability going forward.
This article appeared in the December 13, 2010 edition of Bloomberg Law Reports – Labor & Employment. Click on the link below to view the full article.