Instead of Severance, Consider a SUB Plan

Content Summary

When a company announces a layoff, one of the first questions is often: Will we offer severance?
Severance can help employees during a difficult transition, but it also comes at a significant cost to the employer. In addition to the severance payment itself, employers generally owe payroll taxes, increasing the overall expense of the program. A Supplemental Unemployment Benefit (SUB) Plan offers an alternative.

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