Best Practices For A Reduction In Force

Law360, New York (November 6, 2008, 12:00 AM EST) -- The business objectives are to reduce costs, retain the best talent, and prepare for the uncertainties of the marketplace. Do more with less. Remain nimble. Stay ahead of the competition. If you’re not careful, however, the consequence of your reduction in force (“RIF”) may be costly, distracting, and result in potentially risky discrimination litigation.

The best way to guard against this is to carefully plan your RIF, manage the risks during the selection process, and obtain valid and enforceable releases in exchange for severance benefits....
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