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how employees can be prepared for a loss of their jobs

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Employees are often caught unprepared for the day when they receive their layoff notice.

What advice would you give to employees so that they are prepared in the event that their manager arrives in the office and says, "I'm sorry, but we're going to have to let you go today." Present at least three ideas for how employees can be prepared for a loss of their jobs.

What assistance should employers be expected to provide to terminated employees? Present at least three ideas for assistance that employers should provide to their laid off employees.

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Three ideas to be prepared for loss of their jobs:

First of all, one should always keep some savings in liquid assets such as cash or cash equivalent in hand to support himself and the family during the lay off period or in other words, during the unemployment period between lay off and next job. Savings and cash in hand will allow an individual to look for another job peacefully.

Further, one should always look out for potential job opportunities and be connected to the job market, even if ...

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Employees are often caught unprepared for the day when they receive their layoff notice.

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Set of Internal Controls to Stop the Losses of Inventory

See the attached file.

Jason Company, a small electronic distributor, has experienced losses of inventory over the past year. Sara Jason, the owner, on the advice of her accountant, has adopted a set of internal controls in an effort to stop the losses. Jason has taken the following steps:
1. She encourages employees to follow the rules.
2. She regularly considers ways in which inventory losses might occur.
3. She put separation of duties in place.
4. She gathers appropriate information and communicates it to employees.
5. She sees that new and existing employees are well trained and instructed in their duties.
6. She makes sure inventories are physically protected with locked storage and electronic monitors.
7. She observes and reviews how procedures by those who report her are carried out.
8. She had her accountant install a better accounting system over inventory.
9. She trains new employees in how to properly carry out control procedures.

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