Human Resources Counseling for the Banking and Financial Services Industry
Attracting and retaining a productive workforce is a more challenging task than ever for the financial services industry, demanding a broad understanding of complex human resources issues. Financial service industry employers face a maze of federal, state and local laws that regulate their conduct and the rights and benefits of their employees, while new laws are added every year. Unions have stepped up their organizing efforts in recent years, both in traditional union-represented sectors and new sectors of the economy. Jury verdicts against employers in employment discrimination cases continue to rise in number and amount.
Our lawyers have long provided counsel to employers and represented them in a broad range of traditional labor law matters in connection with union organizing drives, collective bargaining, labor contract administration, decertification proceedings, grievance proceedings, injunction proceedings, unfair labor practices before the National Labor Relations Board, and appellate work relating to the enforcement of NLRB decisions.
The case for legally sound human resource management is based on fact. Recent statistics indicate that 450 employment-related lawsuits are filed daily in the U.S. and that 56 percent of the employment suits that go to trial are won by employees.
We are committed to finding practical solutions to HR issues that meet our clients’ business objectives. We work closely with clients to anticipate and plan for potential trouble spots and to resolve problems before they get out of control.
Members of our HR team provide a number of services to our clients in many areas of the financial services industry, including:
- Assisting in strategic planning for minimizing potential employer liability related to the full spectrum of employment issues, including workplace safety, regulatory compliance (FMLA, ADA, etc.), workforce reductions, hiring and firing practices, and immigration issues.
- Avoiding discrimination and wrongful discharge claims through strategic severance counseling.
- Coordinating employment practices internationally among employers’ overseas operations.
- Designing policy manuals, guidelines and procedures.
- Providing counseling on hiring and firing in the transnational context.
- Updating clients with monthly newsletter from the Human Resources Department.