Remove Outplacement Remove Policies Remove Retirement
article thumbnail

Top Outplacement Firms: A List for Buyers of Outplacement

Careerminds

When shopping for outplacement services, you probably want to know who the top outplacement companies are. However, the need for outplacement typically arises during a highly stressful time, just when you shouldn’t also have the burden of worrying about whether or not you are choosing the right firm. Let’s get straight into it.

article thumbnail

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

Careerminds

Thats where voluntary retirement programs can offer an alternative. But how do voluntary retirement and layoffs really differ, and when should HR consider one over the other? In this article, well discuss the difference between voluntary retirement and layoffs, exploring their key elements and implications in detail.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee Termination Checklist: Make The Process Easier!

Intoo USA

In the case of a voluntary termination, the employee is making the choice to leave—usually to pursue another job, start a new business, or retire. Take care to follow any existing severance policies, individual contracts, or labor agreements. Engage outplacement services. retirement plan options.

article thumbnail

How to Write a Voluntary Retirement Program Announcement Letter (with Template)

Careerminds

A voluntary retirement program can be a great way to help older workers comfortably exit your organization while negating the need for workforce reduction events such as layoffs. Like most programs, it begins with your voluntary retirement program announcement letter. What Is a Voluntary Retirement Program Announcement Letter?

article thumbnail

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

Careerminds

In this guide, well explain how voluntary layoffs work, what makes them beneficial for employees and employers, and how to effectively implement a clear voluntary separation policy for your organization. Support services: Offering outplacement services and coaching supports career shifts. What Is a Voluntary Layoff?

article thumbnail

Reduction in Force Checklist

Careerminds

Step 2: Consider Alternatives Options Furloughs or extended leaves Temporary layoffs Temporary or permanent pay reductions Reduced hours of paid work Hiring freezes Voluntary time off Voluntary layoffs Voluntary or early retirement Step 3: Outline Your RIF Plan Document the high-level business reasons for why a RIF is necessary.

article thumbnail

How Severance Pay Works and Who Typically Receives It

Intoo USA

How severance pay works typically is the pay is often provided as part of a larger severance package, which can also include benefits such as outplacement services or the continuation of healthcare coverage for a period of time. How to Develop a Severance Pay Policy. How to Calculate Severance Pay .