Bringing the Human back to Human Resources

203: Layoff Series: What to Do When You're Laid Off - From Shock to Next Steps


Listen Later

In this episode of the Bringing the Human Back to Human Resources podcast, Traci continues the layoff series by addressing what happens when you or someone you know experiences a layoff, focusing on both the practical and emotional aspects of job loss.


Key Topics Discussed:

(00:02) Introduction and preview of next week's episode with Dan Goodman
(02:18) Statistical overview - 40% of Americans experience layoffs
(04:38) Initial concerns and questions during layoff notifications
(06:57) Review of separation agreements and negotiation opportunities
(09:26) Outplacement services and career preparation
(11:46) Important documents and intellectual property considerations
(14:08) Managing the emotional impact of job loss


Highlights:

  • Over 40% of Americans experience a layoff at least once in their career
  • Separation agreement review periods vary based on age and circumstances
  • Most aspects of severance packages are negotiable
  • Companies typically don't disclose reasons for employment termination
  • Maintaining updated career documents is crucial for preparedness

  • Practical Steps After a Layoff:

    • Review the separation agreement carefully
      • File for unemployment (US-based)
      • Negotiate healthcare continuation before COBRA
      • Gather important documents (performance reviews, etc.)
      • Consider intellectual property agreements
      • Maintain professional connections
      • Request references if company policy allows

        • Financial Considerations:

          • Review severance package options
            • Understand healthcare continuation rights
            • Explore emergency fund access
            • Investigate benefit cash-out options
            • Consider expense reduction strategies

              • Connect with Traci:

                Website: https://HRTraci.com
                Instagram: @HRTraci


                Don't miss next week's final installment of our layoff series featuring Dan Goodman, who brings a counter-perspective to traditional HR functions.


                If you found value in this episode, please take a moment to rate, review, and subscribe to our podcast. Your feedback helps us reach more HR professionals who are passionate about bringing humanity back to human resources.


                Connect with Traci here: https://linktr.ee/HRTraci

                Disclaimer: Thoughts, opinions, and statements made on this podcast are not a reflection of the thoughts, opinions, and statements of the Company by whom Traci Chernoff is actively employed.

                ...more
                View all episodesView all episodes
                Download on the App Store

                Bringing the Human back to Human ResourcesBy Traci Chernoff

                • 4.7
                • 4.7
                • 4.7
                • 4.7
                • 4.7

                4.7

                87 ratings


                More shows like Bringing the Human back to Human Resources

                View all
                The Model Health Show by Shawn Stevenson

                The Model Health Show

                7,369 Listeners

                Honest HR by SHRM

                Honest HR

                207 Listeners

                Maxwell Leadership Podcast by John Maxwell

                Maxwell Leadership Podcast

                2,445 Listeners

                SHRM All Things Work by SHRM

                SHRM All Things Work

                145 Listeners

                On Purpose with Jay Shetty by iHeartPodcasts

                On Purpose with Jay Shetty

                27,679 Listeners

                Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

                Think Fast Talk Smart: Communication Techniques

                809 Listeners

                SmartLess by Jason Bateman, Sean Hayes, Will Arnett

                SmartLess

                58,083 Listeners

                Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

                Coaching Real Leaders

                668 Listeners

                ReThinking by TED

                ReThinking

                620 Listeners

                The Mel Robbins Podcast by Mel Robbins

                The Mel Robbins Podcast

                20,186 Listeners

                HBR On Leadership by Harvard Business Review

                HBR On Leadership

                160 Listeners

                HR BESTIES by HR Besties

                HR BESTIES

                579 Listeners

                The Jefferson Fisher Podcast by Civility Media

                The Jefferson Fisher Podcast

                8,402 Listeners

                The Oprah Podcast by Harpo

                The Oprah Podcast

                1,554 Listeners

                Good Hang with Amy Poehler by The Ringer

                Good Hang with Amy Poehler

                10,125 Listeners