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Posts Tagged ‘Layoffs’


What to Do If You’ve Been Wrongfully TerminatedAlmost everyone, at some point in his or her life, will be fired or “let go” from a job. Oftentimes, we share in the blame for this, but not always. In fact, experts estimate that a quarter of a million people suffer wrongful termination each year.

That number may seem high, but keep in mind that wrongful termination includes firing for any kind of discrimination, loss of employment due to complaining or whistle blowing, or for refusing to do something illegal for your employer.

In any of these cases, you may be able to sue your former company and - if you win - receive back pay, damages, attorneys’ fees, and even reinstatement at the company. But before you take that big, difficult step, there are some ways to look into whether or not you really have a case without emptying your bank account.

U.S. Department of Labor - Not only can they give you information on every law that regulates employment, you can learn where and how to file a claim.
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August 3rd, 2011 by Linda White   Posted in Job News, Resumark News

istock_000001700791xsmallThe dismal economic report last Friday prompted a whole lot of gloom and doom talk, including those hated words, “double dip.” Of course, a “double dip,” or a second dip of the economy into a deep recession, would be bad news for job seekers and business owners. It’s important to understand what is driving this discussion, so that you can make decisions based on all the factors that affect you. Don’t fall prey to all sorts of hyperbole about the whole country collapsing. The main thing to keep in mind is that the two most important words are “confidence” and “uncertainty.”

For those of you who didn’t see the story, the main number that is being bandied about is a reported 1.3% rise in economic growth. This means that the country’s economy only grew by 1.3% for the second quarter of 2011. The rate of the economic expansion for the first quarter was revised down to 0.4% from 1.9%. These are very poor numbers for two quarters in a row. It is widely held that the United States economy needs to grow at a rate of 3% per quarter just to start reducing the unemployment rate.

The poor economic growth numbers are the result of individuals and businesses failing to act because of factors outside of their control. Individuals lack confidence in the state of the economy. When this happens, business is slow. Businesses feel uncertain about how their operations will be affected by policy and other issues, so they are slow to expand, decreasing the potential for capital expenditures and hiring. Individuals and businesses have good reason to be cautious.
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June 30th, 2011 by Juliana Weiss-Roessler   Posted in Career Advice, In the Workplace

istock_000001375118xsmallLet’s just put it out there: no matter what the circumstances - resigning because you finally got that dream job or let go due to downsizing - these things are weird. You’re trying to sum up what could be years of your life at a company in a short piece of text. It doesn’t always come easy. It is, however, natural for us to want to send one, so if you’re going to do it, there are some general rules and guidelines you should try to follow.

Don’t burn bridges.

This should be painfully obvious, but sometimes when we feel like we’ve escaped from a place we didn’t much like, there’s an urge to let loose and basically say, “see ya, suckers!” Resist this urge. The bridge you burn today is the very one you’ll be wishing you could use tomorrow. Plus, if you’re sending out a company-wide email, there’s a great likelihood you’ll be reaching people who don’t really know you that well. Is a rant really the first impression you want them to have?
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September 7th, 2010 by Sergey Novoselov   Posted in Salary & Finances, Unemployment

Highest-Paid CEOsCEOs of the 50 U.S. firms that cut the most jobs during the recession earned 42% more than the average S&P 500 firm CEO, according to a study released by a liberal think tank in Washington.

The study also found that 36 of the 50 layoff leaders announced their layoffs at a time of positive earnings reports, suggesting a trend of squeezing workers to boost profits and to maintain high CEO pay. When CEOs cut jobs they are often very richly rewarded.

No Wall Street banks were included in this list, but three banks (Bank Of America, Citigroup and JP Morgan) were on the list of the 50 firms that laid off the most employees.
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August 10th, 2010 by Sergey Novoselov   Posted in Employee Rights, Job News, Unemployment

Where are the jobs?Despite President Obama’s pledge to retain hi-tech jobs in the U.S., the United States Agency for International Development (USAID) has launched a $36 million campaign to train workers, including 3,000 specialists in IT and related functions, in South Asia, InformationWeek reports.  Later we learned that USAID also launched a similar program in Armenia.

After their training, the tech workers will be hired by outsourcing vendors that provide offshore IT and business services to American companies looking to take advantage of the low labor costs.

Under President Obama’s appointee director Rajiv Shah, USAID will partner with private outsourcers in other countries to teach workers advanced IT skills like Enterprise Java (Java EE) programming, as well as business process outsourcing and call center support. USAID will also help them improve their English language skills.
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