The economy is a shambles. Banks aren’t lending. Consumers aren’t spending. Visits to doctors, dentists and hospitals are falling as consumers delay preventive care and elective surgery to save money. Few are buying cars or homes, much less luxury goods or expensive meals out. It’s no wonder the nation’s employers are struggling with what may seem like a suddenly bloated workforce.
If your organization is like most, you’ve probably at least considered responding to the financial and credit crisis by cutting jobs. But that may be the wrong thing to do because just one lawsuit can wipe out any potential savings from job cutting.
In fact, the only people prospering during this prolonged recession might be employment lawyers. Already, the American Bar Association is reporting in the ABA Journal, “Lots of layoffs translate to lots of work for employment lawyers.”
In the last few months of 2008, one law firm’s employment ...(register to read more)