What are some alternatives to a severance package?
There are several alternatives to a traditional severance package, such as extended health benefits, outplacement services, or a phased retirement plan.
Can you explain what outplacement services are?
Outplacement services help employees transition to new jobs by providing career counseling, resume writing assistance, and job search resources.
What about extended health benefits? How do they work?
Extended health benefits can cover medical expenses after employment ends, ensuring that employees have access to necessary healthcare.
Are there any legal considerations I should be aware of?
Yes, it's important to review any employment contracts and consult with a legal professional to understand your rights regarding severance alternatives.
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