Creating a severance package for terminated employees is a critical process for any company. It not only helps the departing employees transition more smoothly into their next phase but also reflects the company’s values and respect for its workforce. A well-constructed severance package can mitigate legal risks, protect the company’s… Read More »Crafting a Severance Package: Best Practices for Employers
Downsizing and layoffs are painful for both for the company as well as the impacted employees. While nothing can take away this pain, outplacement services help ease this difficult transition. Because of this ease, outplacement is becoming increasingly popular among companies of all sizes. Four out of five employers provide… Read More »3 Reasons Why Companies Should Use Outplacement Services
Why Should You Invest in Helping People Who are No Longer Your Employees? Effective outplacement services help laid off employees find new jobs, protect the company’s reputation, prevent potential lawsuits, and lessen an employer’s unemployment insurance taxes. Approximately 70% of companies offer outplacement benefits in their severance packages, if you’re… Read More »How to Get the Most from Outplacement
Original article, published in the Tampa Bay Times Laying off employees is often a necessary evil in the business world. Regardless of the size of the business or the reason for the layoff, the process is usually unpleasant for both parties involved. However, there are some methods and pointers that can make… Read More »The Art of Laying Off Employees
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Crafting a Severance Package: Best Practices for Employers