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.