No-layoff policies and corporate financial performance.: An article from: SAM Advanced Management Journal

This digital document is an article from SAM Advanced Management Journal, published by Society for the Advancement of Management on January 1, 1993. The length of the article is 3140 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A comparison of the financial performance of firms that have no-layoff policies and those that do not provide job security is made. Employee lay-offs are a traditional method of dealing with reduced firm profitability due to economic recessions. However, some conmpanies offer job security for the following reasons: employee motivation, loyalty and productivity; cost savings in terms of layoffs, hiring and training; recruitment and retention advantages; and improved organizational performance. Data from 64 Fortune 500 firms supports the hypothesis that firms with no-layoff policies and those without such policies do not differ in terms of financial performance. The results suggest that providing job security does not jeopardize a company's relative market performance, a finding that supports a new approach in human resource management.

Citation Details
Title: No-layoff policies and corporate financial performance.
Author: Peter Allan
Publication:SAM Advanced Management Journal (Refereed)
Date: January 1, 1993
Publisher: Society for the Advancement of Management
Volume: v58 Issue: n1 Page: p44(5)

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