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.
(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
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 preparednessPractical 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
Email: [email protected]
Website: https://HRTraci.com
Don't miss next week's final installment of our layoff series featuring Dan Goodman, who brings a counter-perspective to traditional HR functions.
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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.