Companies offer severance packages to outgoing employees for good reason. Not only do the packages help employees as they transition to new positions, but they also benefit the company by helping to reduce the risk of lawsuits, lower unemployment costs, and protect...
Most HR professionals know outplacement assistance is often offered to employees who are laid off or terminated as a part of their severance package. However, because not all organizations have gone through a reduction in force or other major workforce shift, not all...
An employee exit is a difficult situation to navigate, whether you’re the employer or employee. Employers have to find replacements or manage the backlash of a layoff, and recently separated employees need to find new positions. An employee who has been let go...
Because a wide range of factors influence business success, no industry or organization can consider itself completely immune to the possibility of layoffs—not even yours. On the positive side, the National Bureau of Economic Research reports that layoffs are...
While mergers often make great business sense, they also bring up fears about pending layoffs for employees. Those fears aren’t unfounded and you may find yourself managing layoffs during a merger. Harvard Business Review reports “on average, roughly 30% of...
