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AP - World stock markets rallied strongly Friday on the first trading day of 2009 as New Year's optimism more than offset grim economic news from around the globe.

Obama urges parties to work together on economy (Reuters)

Reuters - President-elect Barack Obama on Saturday said the struggling U.S. economy could face more challenges and urged lawmakers to act quickly on recovery proposals even as some Republicans expressed concerns about plans for a huge stimulus package.

ADDITIONAL INFO Make sure you check off the dismissal reason and there is room for management to give a full account of the incident that led to the lay off. To ensure all of the details are covered, it is helpful to create templates for notices and other written evidence used in the firing process. The proprietor and firm leaders should decide the activities of the personnel within the boundaries of each worker's job description. Once the worker has had his or her say, management can decide whether the worker is guilty of misbehavior serious enough for termination. o A copy of the jobholder's personnel file. o Have you confirmed the jobholder's overwhelming misbehavior using a thorough, fair examination? The following is a sample of a lay off notice for terrible productivity. Make sure the notification gives the official date of dismissal.

Then when a layoff happens, make sure the lay off manager has the support of a representative from Human resources. So you have an employee who just is not working out. This is why I developed my Termination Risk Estimate & Protection System(tm) to show clients how to lay off workers with different risk profiles. Since the employer looks to the Personnel professional as the expert, it's important for the professional to be knowledgeable about layoff procedures, firm policies, anger management and exit interviewing skills. The decision to terminate workers raises several different issues. You must upgrade your performance within the next 30 days and meet the directives in this warning. They may say something in front of other workforce, showing that they mean company. The first step in to correct insubordination is clear, concise communication to the jobholder.