Posted on April 22, 2009 by Richard Tuschman

Saving Your Workforce Seminar -- An Invitation

Please see the invitation below.  Feel free to sign up if you're interested in attending, or contact me for additional details. 

Saving Your Workforce:
 Avoiding Layoffs Through Furloughs and Other Solutions  

  
WHEN
Wednesday, May 6, 2009 
8:00 AM  - 9:30 AM
 

WHERE
The Miami City Club
200 South Biscayne Blvd.
Suite 5500
Miami,  FL 33131
  

For many employers, these are desperate economic times. Every entity facing diminished revenue must consider cost cuts to survive. As news reports show, layoffs or reductions in force (RIFs) are being used daily to achieve cost savings, and for some employers they may be the best solution. In some cases, however, the savings are not immediate as a result of statutorily required or voluntary notice periods, as well as costs of severance pay.

A different approach may be a furlough strategy, customized to fit each employer’s needs, which may also achieve a significant cost-savings benefit. Implementing a furlough can help retain the employer’s experienced workforce at a reduced cost, to help the enterprise weather the economic crisis. Most employees faced with, for example, the choice of a 20 percent annual pay reduction or the loss of their job would not hesitate to choose a reduction in pay. Further, both employers and employees taking advantage of a furlough program are well-positioned to take advantage of any increase in business activity in the inevitable economic recovery, whether it be this year or next. Furloughs are often viewed by the workforce more favorably than layoffs, thus preserving morale in the organization as well. But, implementing a furlough plan is not without its pitfalls. This seminar will provide guidence regarding the correct way to implement a furlough plan, and will also discuss other potential ways to avoid RIFs.

  

   
Presented by:

 
Mark J. Beutler, Esq. EpsteinBeckerGreen
                     Kevin E. Vance, Esq. EpsteinBeckerGreen

  
View Event Agenda and Biographies 
RSVP by
Monday, May 4, 2009
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Please contact Anneliese Garcia at 305.579.3200
or agarcia@ebglaw.com with any questions. 

 
About EpsteinBeckerGreen Founded in 1973, EpsteinBeckerGreen is a law firm with nearly 400 lawyers practicing in offices in Atlanta, Chicago, Houston, Los Angeles, Miami, New York, Newark, San Francisco, Stamford and Washington D.C. The Firm’s size, diversity, and global affiliations allow its attorneys to address the needs of both small entrepreneurial ventures and large multinational corporations on a worldwide basis. EpsteinBeckerGreen continues to build and expand its capabilities as a law firm focused on five core practices: Business Law, Health Care and Life Sciences, Labor and Employment, Litigation and Real Estate. For more information on EpsteinBeckerGreen, please visit www.ebglaw.com.
 
 
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