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Layoff Planning: What You Need to Know

Intoo USA

Support your impacted employees while protecting your brand Find out how outplacement can help your organization during layoffs. What should you look for in an outplacement service ? And how to select an outplacement provider ? Understand the specific ways outplacement can help your senior employees transition.

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What NOT to Do in Severance Agreements With Employees Over 40

Careerminds

However, older employee severance agreements over 40 must meet specific legal requirements under the Age Discrimination in Employment Act (ADEA) and the Older Workers Benefit Protection Act (OWBPA). These laws ensure that any waiver of age discrimination claims is knowing and voluntary.

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Voluntary Layoffs: What You Need to Know (Plus Policy Template)

Careerminds

Voluntary vs. involuntary layoffs Feature Voluntary Layoff Involuntary Layoff Initiated by: Employee Employer Participation: Optional Mandatory Risk of legal action: Lower Higher Morale impact: Often positive Often negative If youre planning an involuntary layoff, click below to download your free copy of our Careerminds layoff script guide.

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What Is the Difference Between a Voluntary Retirement and a Layoff?

Careerminds

Layoffs are often based on factors such as seniority, job redundancy, or overall business needs, and employees are typically provided with severance pay and other transitional support like outplacement services. Click below to download our free reduction resources guide to implement the right reduction strategy for your organization.

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Job Abandonment: What Every Employer Needs to Know (Policy Example Included)

Careerminds

Careerminds provides expert outplacement services to help organizations navigate turnover smoothly. Download What Should Employers Do When Employees Ghost Them? If one employee is terminated after three no-call/no-shows, you must follow the same rule for everyone to maintain fairness and avoid discrimination claims.

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Reduction in Force Checklist

Careerminds

Review the list thoroughly with managers’ recommendations and legal counsel, paying special attention to any discrimination concerns. Step 6: Determine Severance, Benefits, and Outplacement Determine severance benefits for impacted employees, such as severance pay, continuation of insurance plans, retirement benefits, and stay bonuses.

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Negotiating Severance with Outplacement Support

Careerminds

This article will explore the importance of negotiating a severance package before you begin a new role, and why you should ask for outplacement services to be included as part of that package. Added value beyond salary: Including elements like outplacement services in your severance agreement adds tangible value to your compensation package.