Team Case Analysis Essay
Team Case Analysis: Which Employee Should be Terminated?
Abstract
Harvey Stanton, the owner of Stanton Title Insurance Company is being forced to make a difficult decision. After the recent election of three “no growth candidates” to the city council, paired with a new competing insurance company, Stanton has noticed a significant decline in workload for his five title examiners. Now, Stanton has to decide how to reduce his title examiner staff to compensate for the reduced workload. When considering criteria for making staff reduction decisions, Stanton must be aware of the legal implications of his decision.
Which Employee Should be Terminated?
Terminating employees is often-times a very difficult task for managers. …show more content…
The implementation of furloughs has also been used by companies to avoid employee layoffs (Halbesleben & Wheeler 2013). If Stanton implements one furlough day a week for each of the five employees he would not have to terminate anyone from the firm. Although the use of furlough days will help the company cut costs, it will also cut essential hours for employees who need to be working on acquiring new customers and maintaining current customers. This could be disadvantaging the firm’s top examiners who are needed to help rebuild the firm. This could create financial stress on employees with a decrease in employee salary which may cause them to seek employment elsewhere. This could also cause frustration, resentment, and lead employees to neglect current assignments. Studies have shown that the implementation of furlough days could cause emotional exhaustion and negatively affect job performance (Halbesleben, Wheeler & Paustian-Underdahl, …show more content…
This act will be considered as both Anthony Pope and Feinberg are over the age of 40 and are nearing retirement age. The Older Worker Benefit Protection Act of 1996: This act also known as OWBPA requires benefits be offered under a voluntary bona fide employee benefit plan with benefit payments or costs for older workers at least as high as those for younger workers. The stipulations within this act will be factored into decision making to ensure Mr. Pope is being offered a legally fair early retirement package. The Employee Retirement Income Security Act of 1974: This law also known as ERISA and The Internal Revenue Code imposes a variety of benefit limits and nondiscrimination requirements on contributions to qualified and 403(b) retirement plans used as an incentive to retire early by private employers. ERISA is a federal statue that sets standards for most employer and union sponsored retirement plans. ERISA and the Internal Revenue Code play an important role in the implementation of early retirement plans; Stanton Title Insurance Company will incorporate the requirements of this Act in its offer to Anthony
Abstract
Harvey Stanton, the owner of Stanton Title Insurance Company is being forced to make a difficult decision. After the recent election of three “no growth candidates” to the city council, paired with a new competing insurance company, Stanton has noticed a significant decline in workload for his five title examiners. Now, Stanton has to decide how to reduce his title examiner staff to compensate for the reduced workload. When considering criteria for making staff reduction decisions, Stanton must be aware of the legal implications of his decision.
Which Employee Should be Terminated?
Terminating employees is often-times a very difficult task for managers. …show more content…
The implementation of furloughs has also been used by companies to avoid employee layoffs (Halbesleben & Wheeler 2013). If Stanton implements one furlough day a week for each of the five employees he would not have to terminate anyone from the firm. Although the use of furlough days will help the company cut costs, it will also cut essential hours for employees who need to be working on acquiring new customers and maintaining current customers. This could be disadvantaging the firm’s top examiners who are needed to help rebuild the firm. This could create financial stress on employees with a decrease in employee salary which may cause them to seek employment elsewhere. This could also cause frustration, resentment, and lead employees to neglect current assignments. Studies have shown that the implementation of furlough days could cause emotional exhaustion and negatively affect job performance (Halbesleben, Wheeler & Paustian-Underdahl, …show more content…
This act will be considered as both Anthony Pope and Feinberg are over the age of 40 and are nearing retirement age. The Older Worker Benefit Protection Act of 1996: This act also known as OWBPA requires benefits be offered under a voluntary bona fide employee benefit plan with benefit payments or costs for older workers at least as high as those for younger workers. The stipulations within this act will be factored into decision making to ensure Mr. Pope is being offered a legally fair early retirement package. The Employee Retirement Income Security Act of 1974: This law also known as ERISA and The Internal Revenue Code imposes a variety of benefit limits and nondiscrimination requirements on contributions to qualified and 403(b) retirement plans used as an incentive to retire early by private employers. ERISA is a federal statue that sets standards for most employer and union sponsored retirement plans. ERISA and the Internal Revenue Code play an important role in the implementation of early retirement plans; Stanton Title Insurance Company will incorporate the requirements of this Act in its offer to Anthony