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Friday, September 26, 2008 The Cost of Termination By Diana Hsieh @ 1:09 PM What's the cost in weeks of pay of firing workers in various countries? The Economist has the chart. I'm definitely surprised that China is so much higher than France and Germany. Labels: Business, Politics Share |    E-mail Diana Hsieh     PermaLink ()    Comments (New Page)   Subscribe to NoodleFood Blog Posts via Feed Reader   via E-mail Subscribe to NoodleCast Podcasts M4A via iTunes (MP3)   via Feed Reader   via E-mail

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	Friday, September 26, 2008 at 13:26:49 mst Comment ID: #1 Name: C. August E-mail: titanic.deckchairs(at)gmail.com URL: http://titanicdeckchairs.blogspot.com I don't think it's quite that surprising. There's a certain elegance to that chart. For the most part, it seems that the more a country holds that someone has a *right* to a job -- thereby ignoring the property rights of the business owners -- the more punitive the "penalties" are for firing someone. Almost like a "how close is this country to pure communism?" chart. The text above the chart is also quite interesting: "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 tiedâ€"workers there cannot be fired at all."
	Friday, September 26, 2008 at 15:41:17 mst Comment ID: #2 Name: OistPostGrad E-mail: ttcrunch(at)lycos.net I wonder how accurate this is for the US. American companies have to pay for unemployment insurance which I believe is for 6 months if they fire an employee. So I don't think the cost is "nil."
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