Ditch the Old Severance: 5 Reasons Why SUB is a Game-Changer
Publisher: Transition Services Inc.
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Severance packages are outdated While many companies continue to rely on these traditional methods to manage layoffs, they often fall short in providing longterm benefits for both the employer and the employee. Enter Supplemental Unemployment Benefits (SUB), a modern solution that’s changing the game. SUB is a benefit designed to supplement state unemployment benefits, providing laid-off employees with a weekly payment that’s tied to the amount of unemployment they receive. Unlike traditional severance, SUB payments are structured to extend until the employee finds new work, creating a smoother and more financially secure transition
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