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Budgeting for Outplacement and Career Transition Services

Career Partners International

These packages may include compensation for their job loss, the continuation of health benefits, extended retirement plans, and more. Far too often, leadership overlooks the value of outplacement and career transition services in these packages. Today’s job market is dramatically different from 10 or 20 years ago.

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10 HR Challenges and How to Overcome Them

Intoo USA

Retire name tags and really allow for new team members to mingle with each other, and foster introductions with more seasoned employees. Designing—and upholding—compensation plans. It’s important to strive for compensation plans that are both fair and competitive. Host meet ups in and outside of the office for all levels.

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10 HR Challenges and How to Overcome Them

Intoo USA

Retire name tags and really allow for new team members to mingle with each other, and foster introductions with more seasoned employees. Designing—and upholding—compensation plans. It’s important to strive for compensation plans that are both fair and competitive. Host meet ups in and outside of the office for all levels.

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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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Part-Time vs. Full-Time Jobs — Pros, Cons & Full Explanation

Intoo USA

Tailoring compensation strategies is vital, offering prorated wages for part-time staff while providing full-time employees with fixed incomes, health insurance, and retirement plans. Moreover, full-time staff may be eligible for salary-based compensation and benefits, tailored to their job classification and employer policies.

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How to Lay Off an Employee: Industry Best Practices

Intoo USA

Some require that you provide departing employees with final paychecks on their last day of work; others require that you compensate departing employees for unused vacation or sick time. The package may also include continuation of health benefits, stock options, contributions to retirement savings, or other perks.