Severance Offering a severance pack

Severance Offering a severance package to departing employees helps ease the shock of unemployment. Severance packages must be consistent, based on a rationale that ensures equity to all departing employees. Severance amounts can be based on seniority, employee classes, or some combination of the two.Outplacement Outplacement services are used to transition employees who are leaving the company, most often as the result of a downsizing or layoff. These services assist employees with updating resumes, preparing for interviews, and searching for new jobs. They’re often provided in a group-seminar setting for individuals who have been terminated as part of a mass layoff.