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Managing Your Workforce During Market Volatility: Large-scale Personnel Decisions on April 24, 2024

COOK COUNTY RECORD

Sunday, December 22, 2024

Managing Your Workforce During Market Volatility: Large-scale Personnel Decisions on April 24, 2024

In response to recent market conditions, employers are making difficult workforce decisions, including reducing employee headcount, eliminating departments, hiring consultants or implementing hiring freezes. Being able to navigate these events can help employers mitigate risk and prepare their workforces for the path forward.

During the next webinar in our series, our Employment and Business Restructuring Practice Groups will explore best practices and strategic management for navigating large-scale personnel decisions.

Discussion topics include:

Considerations when executing critical operational decisions involving reductions in force, furloughs, layoffs, and reductions in salary and/or work schedules

Federal and state Worker Adjustment and Retraining Notification Act implications

Introducing severance packages to help minimize risks of liability associated with a layoff

Personnel management and the impact of public relations

Best practices for communicating the transition with your workforce

Minimum continuing legal education (MCLE) credit is pending in California, Illinois and New York. A Multi-Jurisdiction Certificate of Attendance will be made available to participants requesting MCLE credit in all other jurisdictions, depending upon that state’s rules. To be eligible to earn a CLE certificate, you must attend the entire program. Credit for partial attendance will not be provided.

More in our Managing Your Workforce During Market Volatility series:

View the recordings and key takeaways from past webinars in our Managing Your Workforce During Market Volatility series, which takes a deep dive into issues related to reductions in force, separations, leaves of absence, accommodations and more.

Original source can be found here.

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