Mandatory Severance Pay

Mandatory Severance Pay
Author: Donna MacIsaac
Publisher: World Bank Publications
Total Pages: 44
Release: 2001
Genre: Empleo - Peru
ISBN:

In Peru, as in many other developing countries, employers have the legal obligation to compensate workers who are dismissed through no fault of their own. Is this an efficient mechanism for providing income support to the unemployed? The authors seek an answer to this question, using individual records from a household survey with a panel structure. Relying on five coverage indicators, they show that roughly one in five workers in the private sector, and one in three wage earners in the private sector, is legally entitled to severance pay. Coverage is more prevalent among wealthier workers. Results based on several empirical strategies suggest that workers "pay" for their entitlement to severance pay through lower wages. Consumption among unemployed workers who receive severance pay is 20 to 30 percent greater than among those who do not. Consumption among these workers is actually higher than consumption among employed workers, suggesting that mandatory severance pay is overgenerous in Peru.

Mandatory Severance Pay

Mandatory Severance Pay
Author: Martin Rama
Publisher:
Total Pages: 40
Release: 2016
Genre:
ISBN:

In Peru, as in many other developing countries, employers have the legal obligation to compensate workers who are dismissed through no fault of their own. Is this an efficient mechanism for providing income support to the unemployed? MacIsaac and Rama seek an answer to this question, using individual records from a household survey with a panel structure. Relying on five coverage indicators, they show that roughly one in five workers in the private sector, and one in three wage earners in the private sector, is legally entitled to severance pay. Coverage is more prevalent among wealthier workers.Results based on several empirical strategies suggest that workers quot;payquot; for their entitlement to severance pay through lower wages. Consumption among unemployed workers who receive severance pay is 20 to 30 percent greater than among those who do not. Consumption among these workers is actually higher than consumption among employed workers, suggesting that mandatory severance pay is overgenerous in Peru.This paper - a product of Public Service Delivery, Development Research Group - is part of a larger effort in the group to assess policies aimed at dealing with job loss.

Reforming Severance Pay

Reforming Severance Pay
Author: Robert Holzmann
Publisher: World Bank Publications
Total Pages: 321
Release: 2011-10-31
Genre: Business & Economics
ISBN: 0821388517

Termination pay includes severance, mass redundancy, or end-of-service pay and is widely used as income protection for the unemployed. This book reviews such arrangements wordwide, analyzing their performance and recent reform trends to improve efficiency and redistributive impact.

Employment Severance Answer Book

Employment Severance Answer Book
Author: Donald R. Levy
Publisher: Aspen Publishers
Total Pages: 678
Release: 1998
Genre: Business & Economics
ISBN:

Whether you're dealing with the departure of a single employee or crafting a major workforce reduction, you'll find everything you need to construct terminations that stand up in court and meet your business needs in this one volume. For serious analysis of all the legal, financial, and psychological implications of severance, turn to the only book devoted exclusively to this hot-button issue -- Employment Severance Answer Boole Recognizing that successful downsizing can be realized only through careful planning, and finesse, this eminently practical blueprint offers strategies for: Minimizing your reduction -- or avoiding it altogether -- Communicating with your workforce -- Dealing with both displaced workers and continuing employees -- Continuing health care coverage through COBRA -- Complying with federal law -- Playing hardball while maintaining your company's reputation as an equitable employer -- Undercutting possible litigation. In a question-and-answer format that speeds you to specific information, the author covers every critical employment severance issue. When you face a workforce reduction -- voluntary or involuntary, group or individual -- the Employment Severance Answer Book helps you prevent potential problems and reach solutions acceptable to all parties.

Severance Payment and Labor Mobility

Severance Payment and Labor Mobility
Author: Tatsuo Hatta
Publisher: Springer
Total Pages: 197
Release: 2018-11-27
Genre: Business & Economics
ISBN: 9811321493

This book compares legally allowed dismissal conditions in employment contracts in Taiwan and Japan and then examines the possibility of introducing the Taiwan-style severance payment system into Japanese employment contracts. A significant difference exists between employment regulations of Japan and Taiwan. In Japan, dismissal of an employee on the grounds of ability is not easily upheld in a court of law, and a set rule for dismissals with severance payment does not exist. On the other hand, in Taiwan, where regulations do not allow dismissal at will, an employee can still be dismissed with severance payment, as long as due process is followed. Written by labor lawyers and labor economists from both Taiwan and Japan, this book describes the procedures that must be followed in the dismissal process in the two countries. It also shows that this difference in dismissal conditions between the two countries explains the low labor mobility in Japan and high labor mobility in Taiwan, and that this difference in labor mobility, in turn, caused the shift of IT production from Japan to Taiwan in the 1990s. The final chapter of the book elucidates the need for introducing the Taiwan-style severance payment before carrying out further deregulation in Japan.

Fired, Laid Off or Forced Out

Fired, Laid Off or Forced Out
Author: Richard C. Busse
Publisher: Sourcebooks, Inc.
Total Pages: 290
Release: 2005
Genre: Business & Economics
ISBN: 1572484594

Fired, Laid-Off or Forced Out takes the fear out of the possibility of losing your job and replaces it with specific guidelines any worker can use to protect his or her rights.