China raises key interest rates to fight inflation (Reuters)

Reuters - China raised its benchmark interest rates on Thursday for the sixth time this year, the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.

Because the guideline termination approach was so flawed, I developed the dismissal Risk Estimate & Protection System(tm) (TREPS). A voluntary package program generally means poor to average-performing workforce are the only ones left. As long as the poor performance or behavior occurs within a reasonable period, like 6 months, you give him another Final Written notice. If it all fails, you may have to write a termination memorandum and file the worker's position. But, if you're cutting the job because of economic conditions and competitive pressure, layoff the employee and negotiate a release of claims after the fact. Have you had difficulty crafting a discipline memorandum for staff? (Don't layoff everyone in a group meeting because this is an undignified way of separating workforce and can lead to lawsuits.) Give him 3 days to give you his own productivity improvement plan and to rebut this warning. It's difficult to layoff anyone, but a good notification can ease the pain of a terminating. As a small company owner, it is probably that you will not have a Hr representative or a third-party contractor that will conduct exit interviews. and because their web pages are for the most part written by freelance journalists who've never dismissed anyone in their lives.

If you're negotiating with the worker, be aware an attorney-at-law is likely coaching her behind the scenes. Dos and Don'ts of Creating an Exit Interview Form. (You can get more information about how to handle difficult firings including dimissing pregnant employee here.) 4) The jobholder has 21 days to consider the agreement.