Insights into Unemployment-GDP Relationship
Revisiting Okun's Law through time series and panel data analyses, this paper confirms the negative relationship between unemployment and GDP growth across 85 economies from 1978 to 2014. Factors affecting Okun's coefficient are identified, including labor market institutions, economic structure, fiscal policy, demographic changes, and quality of jobs created. The study highlights the variation in Okun's Law across countries and over time, emphasizing the influence of market regulations on the unemployment-business cycle dynamics.
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RETALIATION CLAIMS ICRMP s Biggest Loss Driver Sam Angell, ICRMP Defense Panel Attorney Jim McNall, ICRMP Risk Management Specialist www.ICRMP.org
Claims Data Analysis 2013-2016 167 Employment Practices Liability Claims Total Incurred = $8,597,149.78 www.ICRMP.org
Primary Root Cause Total Employment Claims = $8.6M
Terminated for: Interpersonal Relationships, $6,356,046.4 Unknown , $1,817,656.93 Substance Abuse, $202,945.86 Employee performance / attitude, $220,500.52 www.ICRMP.org
Claims By Department Law Enforcement Fire Commissioners Clerks Road and Street $1,600,000 $1,500,000 $1,250,000 $900,000 $600,000 www.ICRMP.org
Discrimination & Retaliation Retaliation/Whistleblower $3,500,000 Sexual Harassment/Discrimination $1,600,000 Disability Discrimination Other Due Process $1,200,000 $1,000,000 $520,000 www.ICRMP.org
Retaliation Any action taken against an employee for using available benefits or process such as: Filing complaints of harassment or any other grievances allowed by law or policy Filing a tort claim Filing a lawsuit Anything that irritates you other than purely poor performance
Whistleblower Idaho Code Title 6 Chapter 21. Protection of Public Employees Reporting waste or violation of a rule or law Reporting must be to allow correction Reporter is protected Damages and attorney fees www.ICRMP.org
From the Front Lines www.ICRMP.org
Best Practices Follow your policy Never make an emotional employment decision Get a second opinion Consult with your attorney Remember timing is everything Call ICRMP we can provide assistance www.ICRMP.org
