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Posts Tagged ‘reduction in force’

When to Let Go: A Review of the 4 Main Reasons for Employee Terminations

December 29, 2015

At some point or another while running your business, you unfortunately will likely need to let someone go, also referred to as a separation or termination of employment.  Typically, businesses run into these reasons because either they are cutting costs or have someone performing poorly at their job. Majority of states across the nation,...

What to Consider When Creating or Updating a Severance Policy

October 17, 2013

There may be various reasons why organizations update or create a formalized severance plan. When referring to a severance plan, we mean a payment provided to an employee, or a group of employees, that are involuntarily terminated due to a reduction in force/downsizing, change in company direction, job elimination,...