March 29, 2009
Bargains in the REIT Wreckage (BusinessWeek Online) (How To Terminate Employees)
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BusinessWeek Online - After a terrible 2008, real estate investment trusts are having an awful 2009. The SPDR Dow Jones Wilshire REIT (NYSEArca:RWR - News) exchange-traded fund, which tracks 82 REITs, has dropped 35% after plunging about 45% in 2008. On Mar. 19, Moody's downgraded General Growth Properties to "C," its lowest rating above default, prompting another wave of selling.
ADDITIONAL INFO They are not frequently in the termination supervisor's direct chain of command, so the jobholder may feel more open to discussing departmental problems. Commonly a member of the Hr department is a good choice. The incident could be a single act like the jobholder violating a safety rule or a result of poor performance over a few weeks. Some employers provide advanced warning to their employees, while others wait until right before the lay off. With this extra knowledge, you'll become a more trusted business partner and upper management can rely on you to keep the company's separation costs as low as possible. Unfortunately as a manager or business owner, you'll eventually come across this problem. The written documentation about the firing should ideally include a series of escalating discipline actions. Once you have a copy of this waiver, you must keep it with the ex-employee's personnel file. You can kiss my behind." You flipped your hair and stormed off. This is true even when they're low-risk personnel.
o Violence by fired workforce doesn't happen often. Now you may not offer a discontinuance package or continued benefits for all laid off workforce. Normally, any employee, whether a "problem" or not, wants help to increase productivity and behavior. The manager fired her for misbehavior and job desertion after a 3-day investigatory suspension. You or your manager should have the right legal documents in place before you begin separation processes. These workforce know when they come to work that management may sack them "at any time for any reason." However, a wise employer will not look this solely from her or his own perspective.