12 months’ notice of terminatio

Can’t afford to keep them, can’t afford to fire them: Poor finances do not reduce termination obligations

January 11, 2016 Alison J. Bird Employee Relations, Employment/Labour Standards, Human Resources, Notice, Damages and Settlements, Payroll, Wages and Compensation

Employee salaries and benefits can be some of the greatest costs borne by a business. As a result, when a company faces financial hardship, they will often terminate positions to reduce their costs. However, many employers may not realize that the obligation to provide reasonable notice of termination could negate any short-term cost savings they hoped to realize.

12 months’ notice of terminatio, Bardal Factors, Employee salaries and benefits, employment contract, employment law, enforceable termination clause, financial hardship, reasonable notice of termination, rule of thumb of one month of notice per year of service, termination notice