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The stock market just posted its worst January since 2009. That means knowing how much unused vacation time the employee has, delivering the final paycheck, and providing paperwork for benefits like COBRA and outplacement and career transition assistance. There’s a bit of uncertainty in the air.
The stock market just posted its worst January since 2009. That means knowing how much unused vacation time the employee has, delivering the final paycheck, and providing paperwork for benefits like COBRA and outplacement and career transition assistance. There’s a bit of uncertainty in the air.
Ensure that these changes are handled with empathy, comply with labor laws and organizational values, and support impacted employees through outplacement services or other mechanisms. This is also a good time to invest in upskilling , careerdevelopment, and succession planning for the new entity. Do any capability gaps remain?
This can involve offering severance packages, career counseling, and outplacement services. Support Systems: Providing support systems such as counseling services, training programs, and careerdevelopment opportunities can help employees transition smoothly.
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