A
Better Way to Deal With the Layoff Dilemma
In these tough economic
times, a company may experience critical cash-flow
problems and sometimes have to terminate even talented,
loyal employees. Its just a product of the business
cycle, and in a few months, the company may desperately
want to hire them back. There is a better chance of
successfully rehiring employees if they leave on the best
of terms. Here are some things an employer can do:
Go out of your way to help them
find a new job. Offer them the use of in-house facilities
(office, desk space, phone).
Say
you sincerely hope to rehire them when conditions
improve.
Structure their severance package as generously as you
can.
Go
out of your way to provide the most positive references
you cangoing so far as offering to call the
prospective employer to discuss their qualifications.
When Too Smart Is
Dumb
While managers who are
exceptionally bright can be a major asset to a company,
sometimes they also create tensions with colleagues that
offset their contributions. It often takes a friendly,
more mature mentor to take them aside and point out that
they unwisely
Ignore the views of others with
more experience and knowledge.
Put
too much value on their own ideas, neglecting to develop
relationships with the people they manage.
Complicate simple problems just so they can demonstrate
some clever solution.
Push
fancy processes that are no better than the current
straightforward one.
Rx for the
Plateaued Executive
Every company faces the
problem at one time or another: A longtime employee
reaches the top of his or her career ladder and either
there is no higher post available or the person is not
qualified to be promoted. While he or she is competent in
the current post, being passed over breeds hurt feelings.
What to Do About
It?
Provide new challenges and
assignmentseven if it means crossing departmental
lines. Try to include the person on less critical
companywide task forces, which lets him or her know the
company values his or her experience. That should restore
any loss of confidence the employee may have suffered.
Gift Giving
When undergoing a long and
difficult business negotiation, keep in reserve a little
something extra youre willing to give up. Then,
when you finally come to an agreement, offer it with no
strings attached. Its like the candy mint a good
hotel leaves on your pillow before bedtime. Such a gift
helps ensure the deal will be executed with enthusiasm.
An Invitation
The JofA
publishes a monthly collection of Golden Business
Ideas and invites readers to contribute their
favorites (for attribution, if you like).Send your ideas to Senior
Editor Stanley Zarowin via either e-mail (zarowin@mindspring.com) or regular mail at the Journal
of Accountancy, Harborside Financial Center,
201 Plaza Three, Jersey City, NJ 07311-3881.
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