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.

Key Topics Discussed:
(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

Highlights:

• 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 preparedness

Practical 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

Connect with Traci:
Email: contact@HRTraci.com
Website: https://HRTraci.com
Instagram: @HRTraci

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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Connect with Traci here: https://linktr.ee/HRTraci

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.