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Severance Pay: Answers to the 4 Most Common Questions

Severance Pay: Answers to the 4 Most Common Questions

by Robyn Kern | Jan 27, 2021 | Layoffs, Tips

Having an established policy regarding severance is a best practice for any company—not only to make the difficult process of layoffs easier, but also to protect the company from potential legal action. But what should you consider when creating your policy and...
What Is Severance Pay and How Is it Calculated?

What Is Severance Pay and How Is it Calculated?

by INTOO Staff Writer | Oct 30, 2019 | HR, Layoffs, Outplacement, Severance

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? How Is Severance Pay Calculated? If your company...
How Severance Pay Works and Who Typically Receives It

How Severance Pay Works and Who Typically Receives It

by INTOO Staff Writer | Oct 24, 2019 | Featured, Layoffs, Outplacement

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,...
7 Reasons That Companies Offer Severance Packages

7 Reasons That Companies Offer Severance Packages

by INTOO Staff Writer | Oct 11, 2019 | Featured, Outplacement, Severance

When employees leave a company, they are entitled to receive regular wages for time worked, plus compensation for accrued vacation time. Beyond that, companies aren’t required by law to provide additional benefits like severance pay, unless promised in an employee...

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