08-20-2020, 12:24 PM
(08-20-2020, 12:02 PM)OutsiderFan Wrote: Is there any way to track those who are being forced out of work, but aren't being laid off as much as bought out?
I know there are many companies looking to offer employees buyout offers. If enough take them, layoffs will be avoided. If not enough do, layoffs will happen.
Either way, few of these people will want to be giving up their job. How is this counted in the employment statistics? If you take a buyout package, you can't collect unemployment benefits, but that doesn't mean you want to be unemployed.
Employers want as many taking buyouts as possible, because the more they layoff, the more they have to pay in unemployment contributions.
I doubt that most companies want to offer buyouts. I think the cost of a buyout would be generally more expensive than the increased workmen's comp premium. The more common practice is to furlough those you want back and lay off those you don't.
Audaces fortuna iuvat
