Tuesday, January 31, 2012
Employers sometimes impose "term limits"
The Huffington Post reports today on an employment policy that it considers controversial. A new casino in Atlantic City. NJ, the Revel, will hire workers with “term limits”, the provision that they must reapply every four or six years. The story is here.
The idea may be as bizarre as it sounds. Employees who follow contracts from one company to the next experience the same thing in IT and engineering. And as far back as the early 60s, GE once had a policy of firing the weakest 10% at a location every year.