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This article will explore the importance of negotiating a severance package before you begin a new role, and why you should ask for outplacement services to be included as part of that package. Added value beyond salary: Including elements like outplacement services in your severance agreement adds tangible value to your compensation package.
Establish incentives for transitional staff. Either way, it’s a financial incentive for them to stay for a specified amount of time. Provide outplacement assistance and support. If possible, you may want to offer outplacement assistance to all employees impacted by the layoff. Get more guidance.
This is why, if a layoff event must happen, we strongly suggest HR leaders provide outplacement services for their staff members to ease these tensions. Click below to learn more about our Careerminds outplacement services and how we can support you through your stressful reduction event. What Are Three Alternatives to Layoffs?
These contracts outline the number of hours worked per week or month, along with pro-rata entitlements to benefits such as annual leave, sick leave, and bonuses. Casual Contracts: Casual contracts are often used for short-term or irregular employment arrangements. These add to the overall cost of employment.
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