Not yet a Member?
HR Magazine is highlighting the next generation of HR leaders.
Is your employee handbook ready for the New Year? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
30+ HR education programs, including 4 NEW programs on hot topics, are available for registration.
Join us in Chicago for the latest trends and technology in talent management, and what to expect in the future.
This week, China announced it expects to lay off 1.8 million workers in its coal and steel industries, about 15 percent of the workforce. And there is talk that this is just the first wave of layoffs that could affect as many as 6 million workers.
China commences its once-a-year parliamentary session this weekend to map out plans for dealing with a wobbling economy and worries the ruling Communist Party is losing its credibility as a competent manager .Overhanging this year's sitting are concerns about the social impact of deep structural reforms in the world's second-largest economy, gyrating financial markets and deteriorating global trade.
Here in the U.S., despite strong holiday sales at the end of 2015, retailers announced their starkest downsizing plans in seven years, pushing layoffs in January 2016 to 75,144. This January’s layoffs are 42 percent higher than the total from January 2015.
Despite that sobering news, labor market experts at Challenger, Gray & Christmas Inc. forecast that, overall, there will be fewer layoffs, more hiring and increased wages in 2016.
Conducting a layoff is a difficult process that some businesses may have to face. The basic compliance components to review during the layoff/RIF process are outlined here.
Dana Wilkie is an online editor/manager for SHRM.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Join SHRM's exclusive peer-to-peer social network
SHRM’s HR Vendor Directory contains over 3,200 companies