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How is Severance Pay Determined? How to Calculate Severance

Intoo USA

If a company does not provide severance pay, other costs often go up due to a higher cost-per-hire, an increased number of wrongful termination claims, and a shrinking customer base. Harvard Business Review found that a bad reputation costs companies about $4,723 more per hire. This can have significant impacts on your bottom line.

article thumbnail

How is Severance Pay Determined? How to Calculate Severance

Intoo USA

If a company does not provide severance pay, other costs often go up due to a higher cost-per-hire, an increased number of wrongful termination claims, and a shrinking customer base. Harvard Business Review found that a bad reputation costs companies about $4,723 more per hire. This can have significant impacts on your bottom line.