INTOO Best Practices: Employee Termination Checklist
From putting together a severance package to collecting key cards, an employee termination requires a lot of work and attention to detail from HR professionals.
Forget or mismanage a step, and you could face serious consequences, ranging from wrongful termination lawsuits to embarrassing misuse of company emails by ex-employees. Use this guide for best practices on how to terminate an employee to keep track of all the details.
Don't Miss a Step during Layoffs. Download the Complete Guide.
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Whether your organization is planning a layoff or simply prepping for the future, this guide will serve as a valuable resource as you define workforce change processes for your company.
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Consider offering outplacement as part of a comprehensive severance package strategy.
Why is Outplacement Important?
Reduce business costs
When a company has a poor reputation, per-hire costs are $4,723 higher. A poor reputation also damages relationships with exiting employees—limiting your ability to attract valuable boomerang talent.
Source: Harvard Business Review
Create a positive company culture
A majority of Americans (85%) think most companies don’t provide enough help to employees when laying them off, and more than 4 in 5 Americans think outplacement should be offered to every employee who is laid off by their employer. Don’t miss an opportunity to foster loyalty and productivity among remaining employees during a reduction in force by doing the right thing.
Source: The Harris Poll online survey conducted on behalf of INTOO from March 2-4, 2020 among 2,011 U.S. adults ages 18+
Protect employer brand and reputation
66% of people choose to share their poor layoff experiences with others and on social media. 64% of consumers have stopped purchasing a brand’s products after hearing news of that company’s poor employee treatment. Prevent your story from being a negative one.
Source: CareerArc/INTOO Employer Branding Study
Download the guide for in-depth answers:
How do I craft a layoff list while following all federal and state laws and regulations?
What are the best practices for conducting a compassionate and respectful layoff meeting?
Which departments do I need to coordinate with to ensure a smooth layoff event?
How can I ensure privacy and respect when conducting layoffs with remote employees?
Learn the best practices to plan a layoff at your organization