Archive for the ‘Legal’ Category
Article Contributed by Dr. Joey Faucette ABC’s “Good Morning America” ran a story recently about 7-year-old Ransom Duel who noticed his classmate choking after eating a bite of a Nutella sandwich. Ransom picked up the jar, read “hazelnuts,” and knowing that his friend has an allergy to nuts, ran to get his teacher who brought [...]
Article Contributed by Heather Dorso from TRUSTe You may be a small business, but chances are you collect some form of PII. Even small businesses are accountable for the safety of user PII, and thereby must take adequate measures to protect it. Lead Microsoft.com editor Monte Enbysk gathered TRUSTe’s insight to help develop 6 privacy [...]
29Aug
What Every Small Business Owner Should Know About Background Checks
Posted by Merrin Muxlow in Business Trends, Entrepreneurs, Entrepreneurship, Human Resource, Legal, Operations, Planning & Management
Your employees are your business’ most expensive asset. According to one estimate, up to a third of a person’s salary is devoted strictly to hiring costs. The cost of hiring the wrong employee is even more- reportedly up to twice an employee’s annual salary. Making smart hiring decisions can be tough- you want an employee [...]
Ritu Anand of GE India sent me the below questions concerning my October 28, 2007, post concerning severance and separation agreements.
Hi Charles,
Thanks for throwing light on this subject! However, I have a few doubts and would appreciate if You could help resolve them:
1. What is the guarantee that the exiting employee would not reveal the secrets/sue the firm even after signing the severance agreement/taking the money ?
2. is this a common practice in US/other parts of the world?
3. If this is a common practice with the organizations in the US , most of the companies would end up busting their HR budgets by paying severance to the exiting employees and all working population must be aware of this .. your views ..
Regards
Ritu Anand
HR
GE – India
My response to Ritu follows:
General discussion concerning severance and separation agreements from a business owner’s perspective.
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