Don't let a bad employee take advantage of you. Here's what you should know...

October 20, 2007

Government Accuses 6 Men of $55 Million Offshore Fraud (Employee Discipline)

Employee dismissal and termination procedure. Step-by-step.

Federal prosecutors charged six men yesterday with making $55 million in fraudulent profits via private stock sales. More

Traders work on the floor of the New York Stock Exchange, September 18, 2007. (Brendan McDermid/Reuters)Reuters - The 20th anniversary of the stock market's brutal 1987 crash has triggered explosive debate about whether today's raging, yet dubious, bull market in world stocks is headed for the same fate.


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When terminating workforce, you must always take care to cover these basics. Depending on the state, the penalty may not exceed 15 days at the employee's average daily earning rate as well as double any statutory costs, pay-outs and besides any reasonable attorney-at-law's fees paid by the employee. Be up-front, take responsibility and allow your workforce some time to grieve only then can you move forward to full business recovery. Indispensable employee syndrome is a small business owner's (or any supervisor's) fear that a worker can't be replaced because he uniquely contributes a large share to the company's results. If the boss sees gross gross misconduct, they will mostly discipline or lay off that employee. After reviewing his employees file, you're astonished his previous supervisor has rated him "above average" on his job appraisals over the past 4 years. Discuss the importance of standardized methods to lower legal risks during worker separations. * Whether the lay off is temporary or permanent.

By obviously stating your expectations when you hire the employee, you should be able to reduce the likelihood of dealing with disobedience. Even though most Human resource managers and business owners want to give second chances, the hammer just has to come down on problem employees. It is essential you write a worker separation notice professionally and accurately. Be aware that employee misbehavior can severely damage the small company. If you have applied your system consistently across the workers, you can use it to separate a group of workforce. How it is done affects the entire workers and the overall company productivity. Tips On Separating Employees for Misconduct.

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Employee dismissal and termination procedure. Step-by-step.