Strategic HR Planning for 2024: Trading Severance Packages for Supplemental Unemployment Benefits

Content Summary

As we approach the end of the year, human resources (HR) professionals find themselves in the familiar position of planning for the year ahead. It is a critical juncture. It marks the perfect time to review and recalibrate HR policies and programs to ensure they are not only competitive and aligned with employee and organization goals, but also compliant with evolving regulations and strategically positioned to attract, retain, and support employees.
While benefits plans, training programs, and recruitment strategies are typically at the forefront of these discussions, severance programs often get overlooked. This is a missed opportunity for HR to optimize resources and provide valuable support to employees during their transition.

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