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...
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 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...
