Each separation is a potential $11,000 cost. What can you do to minimize that?
Navigating and managing the complexities and costs of unemployment insurance claims can create headaches for any business. With HR One you have a team of experienced professionals who are here to help.
The first step to making sure that you're minimizing the exposure to costly unemployment insurance claims is having strong policies and procedures in place that are consistently applied.
The worst part of any manager or supervisor’s job is having to tell someone they are being fired or terminated from employment. It is a very uncomfortable task that poses great potential financial exposure for the company. Therefore, it is very important that terminations be handled carefully.
The termination process should be well planned. It should be carried out in an efficient manner that produces as positive a result as possible. It should be conducted in a way that maintains the dignity of the person being fired, as well as the reputation of the company as an employer that deals fairly with its people.
HR One can help walk employers through the process of terminating an employee- from what paperwork should be completed, how to conduct the actual meeting with the terminated employee, and how employers can protect themselves from claims of wrongful termination.
For HR One clients, there is a packet of separation documents available under "Forms" in the member's only section of this site that includes a separation checklist, employee termination procedures, a sample exit interview questionnaire, and more.
If you do need to separate an employee, particularly for a lack of work, one of the best ways to manage your costs is to minimize the amount of time an employee spends collecting unemployment. Even reducing that time by two or three weeks is a potential savings of thousands of dollars. HR One's outplacement program helps with the development of a résumé, practice interviewing skills, and provides tips, advice, and feedback necessary to be successful in today’s competitive job market. By offering outplacement services your organization can help ease the pain of a separation, reassure other employees of your organization's professionalism, and even minimize the chances that a separated employee pursues additional claims against the organization with the EEOC or Department of Labor.
If you're interested in learning what we can do for your organization complete and submit the form below.