Cost of firing workers
Sep 28th, 2008 by brianschettler
Poking around at Economist.com and I found some interesting charts, like this one that shows how many weeks of pay a company has to give an employee for letting them go. Talk about crazy…in Zimbabwe a company has to give out over EIGHT YEARS worth of compensation to an employee. Why would you even remotely care about doing a good job? You’d probably even want to be work a few months, get fired, then take an 8 year vacation.
America, New Zealand and Tonga are among the most company-friendly countries, requiring no penalties or compensation to fire a full-time employee of 20 years. By contrast, a business in Zimbabwe must shell out well over eight years’ worth of pay to sack a worker. But companies in Venezuela and Bolivia are even more tied—workers there cannot be fired at all.