layoff compensation
Dismissal financial package
Layoff compensation is money paid to employees who lose their jobs due to workforce reductions, company restructuring, or economic downturns.
It typically includes severance pay, continuation of benefits, and sometimes outplacement services.
The amount often depends on length of employment: She received six months of layoff compensation after fifteen years with the company.
- severance payCompensation upon job termination
- career transitionShift between occupations
- labor lawsStatutes governing workplace conditions
- redundancy payPayment after workforce reduction
- union representationOrganized worker advocacy
human resources · exit interview · handshake · career fairs · networking events · soft landing · severance agreements · whistleblower protections · mental health counseling · job loss · anti-discrimination laws · unemployment benefits · employment contracts · retraining programs · golden parachute · final paycheck · cash · pink slip
- severanceseverance, severance pay, severance package, termination pay, separation pay
- pay changesraise, pay raise, pay cut, wage increase, salary bump
layoff compensationsigning bonus
Payment upon accepting employment
golden hello · retention bonus · relocation allowance · loyalty bonus
layoff compensationperformance bonus
Payment for strong results
merit bonus · achievement award · retention bonus · annual bonus · year-end bonus
layoff, laying, compensate, compensated, compensating, compensates, compensatory, compensation, compensations