As an employer or human resources manager, you value your employees and what they contribute to your business. But when the competitive landscape changes or your business is facing a difficult financial situation, you may consider letting staff go to keep your business operating and profitable. Before you make a final decision, consider these factors.
Employment Insurance (EI)
Sometimes people lose their jobs through no fault of their own. This might happen due to shortages of work or because of seasonal or mass lay–offs. If you find yourself in this position, and if you can’t find a job even if you’re available and able to work, you might qualify for Employment Insurance (EI) benefits.