Here's how to know if your company's layoff policy is a 'good' one

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

As layoffs spread, here's what to know about severance, health insurance and other benefits that distinguish a fair job separation offer from an unfair one.

Layoffs are a reputational issue for companies at a time when the American public ranks how businesses treat their workers as the most important ESG issue, according to annual polling conducted by Just Capital. Living wages, training and career advancement opportunities, worker safety, and diversity all factor into human capital metrics, but that doesn't mean companies get a free pass on how they reduce headcount.

"It's a really emotional time, and, legally, your employer has to give you a notice on how long you have to sign the paperwork," said Bryan, a professional career coach at Ask A Career Expert and senior managing partner at The Bryan Group. "Take the offer away and read it. Ideally, take it to an employment lawyer, and some offer short, free consultations."

After you've had time to process the emotional, financial, and mental changes that a layoff brings, here's how to know whether your company's layoff offer is a good one or not, and if it's time to negotiate for a better one.When it comes to severance pay, Bryan advises that people identify whether it will be paid in a lump sum or if the company will keep them on the payroll as they deposit the money into their accounts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you get chemically assaulted and battered on their property several times then they let you go without addressing said chemical A & B's probably not a good one right NotreDame 👍 happy holidays!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines