Remove Bonuses and Incentives Remove Examples Remove Outplacement Remove Retirement
article thumbnail

Top 3 Strategic Alternatives to Layoffs

Careerminds

This is why, if a layoff event must happen, we strongly suggest HR leaders provide outplacement services for their staff members to ease these tensions. Click below to learn more about our Careerminds outplacement services and how we can support you through your stressful reduction event. What Are Three Alternatives to Layoffs?

article thumbnail

Could an Early Retirement Package Incentivize Employees to Retire?

Zenefits

Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. If they don’t, it may be time to develop an Early Retirement Incentive Program. When considering creating an incentive program, examine your motivation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How is Severance Pay Determined? How to Calculate Severance

Intoo USA

All of these reasons serve as strong incentives for companies to offer severance pay. For example, entry-level employees might be given one week of pay per year worked, while senior-level employees might be offered a month of pay per year of service. Commission, bonuses, and other expected compensation.

article thumbnail

How is Severance Pay Determined? How to Calculate Severance

Intoo USA

All of these reasons serve as strong incentives for companies to offer severance pay. For example, entry-level employees might be given one week of pay per year worked, while senior-level employees might be offered a month of pay per year of service. Commission, bonuses, and other expected compensation.