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With that said, you are still without a job after the layoff happens. Your actions immediately after learning about your company’s plans have a definitive effect on the next phase of your career ...
Options for Your 401(k) After a Layoff. You may wonder what you can do with your 401(k) after getting laid off by your employer. Although there is no “one size fits all” rule, there are a few ...
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
They are the basis of calculation of commuted leave available to the employee after completion of one year of service. Commuted leave: Two half pay leaves due can be commuted to one fully paid commuted leave. Commuted leave not exceeding half the amount of half-pay leave due at any point of time can be taken on certified medical ground.
Tom Roberts was laid off in April 2009, six weeks after he told his supervisor that he needed to have brain surgery. Paying the bills with a now-exhausted balance of vacation and sick days ...
A payment in lieu of a required notice period. Retirement accounts; Stock options; Commission Payments; Assistance in searching for new work, such as access to employment services or help in producing a résumé. [1] Packages are most typically offered for employees who are laid off or retire. Severance pay was instituted to help protect the ...
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So the month you get laid off, you now have high bills, the next month you still have high bills, and you don't have the income to offset that," Hopkins said. He added: "Get ahead of your bills.