LIFO is a policy used in collective redundancies whereby the most junior employees, by the time of service, are selected for redundancy over those at the company for longer. Many companies choose to use this as it allows them to get rid of the oldest workers, who may be seen as a drain on resources and often cost more in terms of work benefits and pensions. Workers consider this method unfair because of how many years a worker has been working for the company rather than their performance and reliability.
Let’s Recruit, Reward, and Retain
Your Workforce Together!
