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February 1, 2013
16:38 EDTWTSLAWet Seal initiates investments in Human Resources department
Beginning in late FY12, in collaboration with the U.S. Equal Employment Opportunity Commission, the company also initiated new investments in its Human Resources function, which are expected to bring many needed, value-added services to the company's field and corporate teams in the areas of hiring, training and development and employee relations. Such investments include the addition of HR field generalist positions, development and execution of training programs, and implementation of automated application tracking and performance review systems, diversity initiatives and other employment administration tools. The company estimates these investments will be at a recurring annual cost of $1.9M, beginning in FY13. The company also expects to incur approximately $2M in incremental legal fees in FY13 for its defense in certain employment-related litigation that arose in prior years. These legal fees do not include the cost, if any, that the company would incur to settle such legal matters.
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