Open AccessRedundancy: Trends in Compensation
Author(s) -
Raymond Harbridge,
Peter. Kiely
Publication year - 1995
Publication title -
new zealand journal of industrial relations
Language(s) - English
Resource type - Journals
ISSN - 0110-0637
DOI - 10.26686/nzjir.v20i3.3279
Subject(s) - redundancy (engineering) , compensation (psychology) , balance (ability) , workers' compensation , labour economics , political science , law and economics , sociology , business , psychology , economics , computer science , social psychology , neuroscience , operating system
Redundancy is an unpleasant aspect of working life. Employers, from time to time, find they have too many staff or staff with the wrong skills, and accordingly lay employees off. A recent survey of 400 firms indicated that 9,507 employees had been made redundant in the past year (Russell, McVeigh et al., 1995). Ferguson (1992) identifies various legislators' attempts to tip the balance in favour of employers over the matter of redundancy compensation.