Pink Slip Parties - A New Human Resource Buzzword


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Case Details:

Case Code : HROB026
Case Length : 09 Pages
Period : 1987 - 2002
Pub Date : 2003
Teaching Note :Not Available
Organization : Varied
Industry : Varied
Countries : USA

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts

About Pink Slips Parties

Pink slip parties derive their name from the 'pink slip' - a piece of paper given to employees, informing them that they have been permanently discharged from their jobs, and asking them to seek employment elsewhere. The use of pinkslips started in the US in 1915. As these discharge slips were written on pink colored paper, they came to be known as pink slips, and the name stuck. A 'Pink Slip Party' is essentially a party for bringing together discharged/laidoff employees and prospective employers. Pink slip parties are thus like networking events/career fairs. They act as forums that help in the quick establishment of new relationships between employees and employers, and help people find a new job or a new employee (as the case may be)...

Attending the Party

Pink slip parties were usually held once every month on a specified day (such as the first Wednesday of the month, the last Friday of the month, second Monday of the month etc). In some cases, these parties were held on a weekly basis. The ideal candidates for pink slip parties were skilled professionals in need of a job, employers, professional recruiters (consultancy firms), human resource directors and support service providers (for laidoff employees). Many job seekers, though not confident of securing a job immediately at the party, just attended the party in order to network with recruiters and people from various business backgrounds and to enjoy the free food and drinks...

After the Party

While there were many supporters of pink slip parties, the concept also attracted a lot of criticism by late-2002. According to some attendees who failed to secure a job immediately, these parties were of no help. Analysts said that before the IT sector downturn, IT professionals were able to secure a new job in just two to six weeks, while after the downturn; the time had increased to three to four months. Hence it was not appropriate to say that pink slip parties did not work if they did not yield immediate employment opportunities...

Exhibits

Exhibit I: A Few Pictures from Various Pink Slip Parties
Exhibit II: Major Job Assistance Websites


 

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