Employees part ways with organizations for a variety of reasons. Some of these reasons are simple: finding a job elsewhere, taking time off to spend with the family or relocating to a different state. But some separations are more complex: a layoff due to company difficulties or reorganization, position elimination during a merger or termination by the company for performance-related problems.
This policy from TechRepublic Premium provides guidelines for providing severance pay and benefits to former employees. It addresses what constitutes acceptable grounds for offering or withholding severance packages and describes the requirements involved.
From the policy:
Severance packages will be provided to employees who are laid off, whose positions are eliminated or who resign under certain amicable circumstances (at the discretion of their manager and the HR department). These employees must have worked at least one year at the company to be eligible for severance packages.
The download comprises an eight-page PDF and Word document.
Previously priced at $99, this is now available to download for $9. Or free with Premium annual subscription: click here to find out more.
TIME SAVED: It took 20 hours of writing, editing and research to create this content.