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BusinessWeek Online - Mortgage giant Freddie Mac said on Jan. 15 that rates on 30-year fixed-rate mortgages fell below 5% this week — the lowest level since it began surveying lenders in 1971.
ADDITIONAL INFO If you have completed the first two steps in the firing procedure and the employee still is not working up to your expectations, it is time to begin termination proceedings. 5) Give details of the triggering event and its impact on you, the department and the firm. According to our business policy, I'll be placing a copy of this final written notice into your permanent personnel file. If your company's securities trade publicly and the terminated worker was an officer or director of the company, you must tell the Securities and Exchange Commission (SEC). Likely, your worker or workers manual gives you these guidelines. Be sure to keep a copy for the firm records, and if you must mail a notice (if an employee works off-site), then use certified mail. If an employer is considering firing and employee for something not outlined in a contract, they may find this a more difficult program. How to Give an employee termination Notice. Just as you're about to sack her for another safety violation, she injures herself again and goes out on workers' compensation. Later in the week, you notice the employee intentionally breaking a safety rule. If he later files for unemployment, you can use this notice and his reason as proof the company didn't force him to quit. And, when word gets around back at the worksite you're fighting "poor ole' Joe" about his unemployment claim, you'll lose the remaining employees' goodwill and some productivity.

*Finally, remember to keep the tone in your lay off memorandum sample professional and unopinionated. Keeping these steps in mind will make the termination procedure easier for you and the employee. As well, most contracts list a given amount of time the employee should work before the firm can consider lay off or non-renewal of a contract.