Remove Compensation Remove Examples Remove Outplacement Remove Retirement
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Employee Life Cycle: Meaning, Stages, Strategies & Examples

HR Lineup

This article delves into the meaning, stages, strategies, and real-world examples of the employee life cycle, offering comprehensive insights for HR professionals and business leaders. Examples: Google’s innovative recruitment campaigns and strong online presence that make it a highly attractive employer.

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How Severance Pay Works and Who Typically Receives It

Intoo USA

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. In most cases, post-employment compensation is extended when job loss is not directly connected to job performance—but there are exceptions.

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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. Are they retirement ready? An ERIP can be beneficial in more ways than financial.

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How Severance Pay Works and Who Typically Receives It

Intoo USA

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. In most cases, post-employment compensation is extended when job loss is not directly connected to job performance—but there are exceptions.

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How is Severance Pay Determined? How to Calculate Severance

Intoo USA

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. Mid-level employees might expect two to three weeks, while CEOs and other C-suite employees may expect even more compensation. The post How is Severance Pay Determined?

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Reduction in Force Best Practices: How to Protect Your Employer Brand

Intoo USA

If you fail to let employees know about the layoff within this timeframe, your company may have to compensate workers for wages lost. For example, if an employee contract stipulates a specific severance pay amount, make sure to follow through on those agreements. Offer a severance package with outplacement services.

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Reduction in Force Best Practices: How to Protect Your Employer Brand

Intoo USA

If you fail to let employees know about the layoff within this timeframe, your company may have to compensate workers for wages lost. For example, if an employee contract stipulates a specific severance pay amount, make sure to follow through on those agreements. Offer a severance package with outplacement services.