Understanding Supplemental Unemployment Benefit (SUB) Plans and Why They're Gaining Popularity

Publisher: Transition Services Inc.

Access this content

Your content has been opened.

Please verify you are a human before downloading this content.

Understanding Supplemental Unemployment Benefit (SUB) Plans and Why They're Gaining Popularity has been emailed to . Entered the wrong email?

Don't see the content in your inbox?
Make sure to check your spam and other messages folders.

Can't get to your email right now?

To complete your registration and access this content, enter the sign-in code sent to your email.

Please enter a valid verification code.

Code sent to:

Also, remember to check in your spam, promotions, and other folders.

Register to access this content

By accessing content on the SHRM Human Resource Vendor Directory you agree to our Terms of Service and Privacy Policy; and, you acknowledge that your information may be shared with the content publisher.

Understanding Supplemental Unemployment Benefit (SUB) Plans and Why They're Gaining Popularity

In today’s rapidly changing economic climate, many organizations are looking for new ways to protect and support their workforce. In times of unexpected layoffs, closures, or downsizing, employees want reassurance that they’ll have a financial cushion to help them bridge the gap. That’s where Supplemental Unemployment Benefit (SUB) plans come into play. By ensuring a stable weekly income, SUB plans offer peace of mind for employees and help companies stay competitive in the marketplace. Below, we’ll explore what SUB plans are, how they work, and why they’re a smart addition to your benefits strategy.

Similar content you might be interested in

Ditch the Old Severance: 5 Reasons Why SUB is a Game-Changer

Publisher: Transition Services Inc.

Ditch the Old Severance: 5 Reasons Why SUB is a Game-Changer

Severance packages are outdated While many companies continue to rely on these traditional methods to manage layoffs, they often fall short in providing longterm benefits for both the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

Download Content »

Navigating Workforce Reductions with Compassion and Strategy

Publisher: Transition Services Inc.

Navigating Workforce Reductions with Compassion and Strategy

General Motors recently announced another round of layoffs, impacting approximately 1,000 employees, primarily in North America. Workforce reductions are challenging for any organization and its people. However, strategic tools like Supplemental Unemployment Benefits (SUB Plans) can soften the impact while supporting both employees and the company.

Download Content »

Beyond Severance: Why Boeing Should Opt for a Cost-Saving SUB Plan

Publisher: Transition Services Inc.

Beyond Severance: Why Boeing Should Opt for a Cost-Saving SUB Plan

Recently, the U.S. aerospace giant announced plans to reduce its workforce by approximately 17,000 employees—a 10% reduction globally—due to financial strain and a month-long strike involving 33,000 West Coast workers. Alongside these layoffs, Boeing is reporting $5 billion in quarterly losses and delaying production on its anticipated 777X jet. According to CEO Kelly Ortberg, this downsizing is necessary to “align with our financial reality.” But as Boeing navigates these layoffs, a Supplemental Unemployment Benefit (SUB) Plan could serve as a smart, strategic solution that benefits both the company and its affected employees.

Download Content »