No one likes talking about severance.
I know this, because I’ve been talking about it for the majority of my career.
As soon as you utter the word, everyone in the room suddenly starts shifting uneasily.
While severance evokes the uncomfortable acknowledgement that, yes, sometimes we have to reduce or restructure our workforce, and, yes, that comes with an emotional cost, ignoring the issue or treating it as an afterthought actually makes things worse.
Few HR professionals enjoy the subject of layoffs—the act of separating valued employees can be uncomfortable and emotionally taxing, and it may feel as though the subject is best avoided until the eventuality of separation presents itself. It is much easier to focus on positive events, like hiring, as evidenced by the ease of finding data for benchmarking your salary bands.
In this podcast interview with Karen Stevens of RiseSmart, we talk about some of the data discovered in RiseSmart's upcoming 2014 Study on Severance and Workforce Transition. Among the insights unpacked in this session are the risks to ...Read more