Think of It as a Much Better separation Plan
Let’s face it, there’s no easy way to deliver the news of a layoff. But, a strategic severance plan that offers separated employees increased benefits can help soften the blow. Supplemental Unemployment Benefit ("SUB-Pay") Plans are the solution. SUB-Pay Plans let companies supplement state unemployment insurance benefits with separation pay. When combined, the former employee receives up to 100% of their pre-layoff wage.
You may think you can’t afford such a generous program,
but really, you can’t afford not to offer it. Here’s why:
- SUB-Pay Plans Save Companies Money
- SUB-Pay Plan Enhance Benefits to Displaced Employees
- Outsourcing SUB-Pay Plan Administration Saves You and Your Staff Time and Headaches