Are you looking for ways to add value to your company’s bottom line?
Expand your knowledge of employment law, learn the fundamentals of a little-known separation benefits structure and impact the bottom line by introducing an innovative alternative to traditional severance.
Included in the...
Transitioning to a Supplemental Unemployment Benefits plan is a big decision, and is not something which can be done overnight. The implementation process takes careful planning and a keen eye to ensure your employees receive the most effective benefits in their transition from the company....
Organizations throughout the country currently face the critical issue of how to implement strategies to protect against costly layoffs in the future. The 2008 recession forced many companies to contribute to the staggering unemployment rate throughout most regions of the United States....
Make Severance Easier for your Human Resources Team
The mere thought of severance is often enough to frustrate any HR professional - not only because itsunderlying meaning points to organizational difficulty, but also because the administrative challenges posed by the process place more burden...
Severance is Costly
In times of trouble, the cost of severing an employee seems minor compared to what is often a company-wide critical financial situation. The cost of severing 100 employees could easily be over one million dollars, and 500 employees could get into the ten of millions.
The first in our current "Top 5" list named Regulatory Expertise as a primary reason for a company to outsource its severance programming. The second reason a company should outsource severance is leveraging the existing infrastructure of the firm you choose to partner with.
A challenged or...
The severance plan model, oft dismissed as a benefit that is used en masse typically only during turbulent times, remains untouched and archaic even today – strange, since the collective cost of the benefit over the past few years may have surpassed the multi-billion mark. Companies are slowly...
The manufacturing industry is no stranger to disruptions. From equipment maintenance and plant retooling to unexpected weather events, temporary shutdowns are an inherent part of the business. However, these disruptions often come with a significant cost, not just in terms of production losses,...
In the dynamic landscape of the manufacturing industry, disruptions are inevitable. Whether it's plant retooling, adverse weather conditions, or unexpected market shifts, manufacturing companies often find themselves facing temporary shutdowns. These shutdowns not only impact production but also...
The mere thought of severance is often enough to frustrate any HR professional - not only because its underlying meaning points to organizational difficulty, but also because the administrative challenges posed by the process place more burden on an already-struggling Human Resources team. In...
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