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...
While companies are not required by federal law to provide severance pay to terminated employees, many voluntarily choose to do so. This brings up a crucial question for HR experts: how is this type of pay calculated? Layoffs? Download this script to handle...
Discover How Severance Pay Works and How it Should Be Used In Your Organization Severance pay, also referred to as post-employment compensation, gap pay, or a separation package, is rarely a fun topic to discuss—no matter what your company calls it. Typically,...
While companies are not required by federal law to provide severance pay, offering a severance package is one way to better ensure an amicable split with departing employees. Severances packages generally include a continuation of pay for a period of time after...
When HR professionals talk about communicating layoffs, the discussion generally centers around breaking the news to departing employees. Letting someone know they no longer have a job is no easy task, which is why guides and webinars on compassionate offboarding...
