Tuesday, August 7, 2007

Severance Insurance

How could severance insurance benefit the employer?
  • Could provide less expensive funding alternative for the costs associated with severance
  • Savings could fund a variety of initiatives from R&D to retained workforce benefi
  • Could provide the ability to smooth the costs associated with severance over a period of years
  • Could position the company as one with a social conscience, assuming they included service severance in their plan
  • Could position the company as a better place to work...for prospective employees
  • Could level the playing field for all employees...a known benefit plan with equal treatment for all

willy

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