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Same here. Severance is very cheap in the grand scheme of things. If someone is a poor performer, they're essentially a negative value add. Your default is cont
by bko 4y ago
Same here. Severance is very cheap in the grand scheme of things. If someone is a poor performer, they're essentially a negative value add. Your default is continuing to pay them a salary, so you may as well agree to continue to do that for a number of weeks and just have them not work. I've seen 2 weeks for every year at the firm as standard
- rexpop 4y agoIt's not necessarily about severance; could be keeping unemployment insurance premiums low, too.
- ac29 4y agoYes, most people dont realize companies can be financially impacted through the unemployment system when they lay someone off even if there are no direct severance payments. An employee who quits isnt eligible for unemployment. (these rules obviously vary by country/state/etc)