Annual Layoffs Forecast: 2008 Executive Survey Finds Severe Job Cuts to be Made This Year.

Career Protection's[R] Annual Layoffs Forecast predicts a 37% increase in companies planning layoffs and reductions in workforce this year

Career Protection's Annual 2008 Layoffs Forecast paints an ugly picture of cuts in jobs for this upcoming year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans conducted by the employment law and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. experts of CareerProtection.com this month (Survey conducted January 2-25, 2008).

"This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers," says Kirk Nemer, J.D., SPHRSPHR Senior Professional in Human Resources
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"The only good news provided by Executives and Senior Vice Presidents in our survey was that companies were planning to provide severance paySeverance Pay

Compensation that an employer gives to someone who is about to lose their job.

Notes:
Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid.

during these difficult and stressful times," Nemer stated. "However, it appears the severance packages will not be as generous in their severance pay as they have been in the recent past." Nemer added that, "Employees should negotiate their severance package offers as they're not a 'take-it-or-leave-it' situation. Companies will still require employees to execute a General Release of Legal Claims in exchange for receiving a severance package, so companies will negotiate its terms to obtain one from employees."

Career Protection has been inundated in·un·date
tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates
1. To cover with water, especially floodwaters.

2. this month with telephone calls from employees at Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. , Chrysler, Citigroup, Covidien Healthcare, Ford, GM, Indy Mac and Sprint Nextel, who have announced plans for reductions-in-force in January.

About Career Protection[R]

The leading national provider of employment negotiations advice, the human resource and legal experts at Career Protection[R] have previously served as Vice Presidents of Human Resources, or Corporate Counsel/Attorneys for many Fortune 500 and Global Corporations. For information on how executives and professionals can receive a severance pay negotiations strategy and free consultation to protect their career and financial future, visit http://www.CareerProtection.com.

Kirk D. Nemer, CEO of HR on your side, Inc./CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law.