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Companies who offer an EAP have the resource available for troubled employees to seek counseling after being notified of an upcoming layoff. EAP's address terminations, outplacements, financial issues, and credit counseling (DataLink, n.d.).
Employee layoffs tend to produce pessimism, rumors, and tension. Of the ten synopses submitted, three companies directly addressed the emotional intelligence of the layoffs. Hewlett Packard (HP), American Online (AOL), and Railroad made attempts to prevent the termination of employees or to soften the blow of the news. HP first attempted a voluntary pay cut, however, while they were indeed able to save money, the layoffs were still necessary (Anders, 2003)...
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Common topics in this essay:
- Ameican Economy 2005-2007
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