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| Author: | Allan, P. Loseby, P. H. |
| Title: | No-layoff policies and corporate financial performance. |
| Journal: | Advanced Management Journal
1993 : WINTER, VOL. 58:1, p. 44-48 |
| Index terms: | LAY-OFFS FINANCIAL PERFORMANCE USA |
| Language: | eng |
| Abstract: | The American way to restructure or streamline a company has typically involved massive layoffs. Is this necessary? A study of companies suggests that managers rethink traditional responses to competitive pressures. Job security policy has some advantages. Benefits of job security may be viewed as enhancing a firm,s competitiveness in that more flexible, loyal, and motivated employees are more potent contributors to a firm's productivity. The following hypothesis was formulated: there is no difference in financial performance between companies that practice job security and companies that do not. |
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