At some point, your organization will face the difficult reality of having to let one or more employees go. It is never an easy conversation to have, nor is it particularly pleasant to think about. However, due to redundancies, restructuring or economic necessity, if you want to remain a competitive organization you need to be prepared to face the question of how you will help your employees transition out of the company.
If you approach this reality proactively, not only will you be better equipped to provide the best resources for affected employees, but you will also be able to turn your severance package into a benefit for both your employees and your organization. Based on a recent survey of over 250 U.S.-based HR professionals across industries, there are three reasons why you should approach your severance planning strategically.
