Infographic: An Introduction to Severance Packages

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Nobody loves employee turnover. But for countless reasons—personal changes, lay-offs, new opportunities, etc.—every day employees around the world leave their present employer to go on to new adventures. But when a worker leaves, it can be tough to keep up a positive relationship, which can harm your company's reputation, hurt your chances of getting future referral hires, and even put you at risk for lawsuit. Fortunately, a great severance package can help.

The infographic below, compiled by job hunting and career management solution CareerShift, spells out exactly why organizations need to focus on the severance packages they provide terminated workers. Some takeaways to note:

  • 60% of businesses have severance packages in place
  • 3–5% of companies provide discharged employees with relocation assistance
  • 56% of companies put a cap on the amount of benefits included in outplacement services
  • Healthcare, financial planning, and financial compensation are the most common benefits provided

Check out the full infographic below, and don't forget to share!

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The Do's and Don'ts of HR Management [infographic]

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With more technology, more access and more exposure than ever before, it’s a great time for human resource managers to make names for themselves and for their companies. But doing so takes a bit of finesse. Sure, you can build a top recruiting brand, but if you ignore your qualified job candidates for too long, there still won’t be anyone who wants to work with you. And you can set a good (and smart) example by hiring and promoting women and other protected groups, but if you don’t give women raises at the same …

Introducing the new TribeHR Pay Raise Index and the Question of Fair Pay

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Pay raises are a great economic indicator, signalling that business is healthy and employees are reaping the rewards for their hard work and contributions. And any of us who’ve been lucky enough to receive a pay raise know how deeply satisfying a part of our career journey it is, not to mention putting food on the table and paying the mortgage. At TribeHR, we’re also interested in pay raises and their macro role in impacting a company’s workplace culture, as well as its hiring and retention potential. Today we’re introducing the TribeHR …

How Do You Know When An Employee Is Burned Out? [infographic]

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Overworked, stressed out, tired, consumed. No matter what you call it, burnout is a significant risk to employees at any organization. It can zap productivity, drain morale, and make turnover skyrocket. But before you can take steps to prevent or reverse burnout, you need to be able to recognize the signs and understand the risk factors. Fortunately, the fine folks over at Keas Employee Wellness put together a lovely infographic that does exactly that. Did you know 40% of American employees find their jobs stressful, or that low pay and long commutes are some of the highest risk factors? Check out …

How Many Hours Should My Employees Work? [infographic]

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People’s working hours vary all around the world. In fact, it’s a challenge for huge enterprises and tiny businesses alike to figure out exactly how many hours their teams should be working. When employees work too many hours, they can grow tired and unproductive. But if they don’t work enough hours, they may feel disengaged, or not be used to their full potential (nevermind their full salaries!). A new infographic from onlinemba.com asks about the relationship for American workers between working hours, happiness, income, stress, health, and wealth. The conclusion? Make sure that you clock out …

Benefits are Crucial for Recruiting and Expanding Staff

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Sourcing, attracting, and retaining staff can be a challenge for even the most employee-friendly businesses. So when allocating scarce recruiting resources, it’s helpful to know what you can offer that your team will truly appreciate. The 2011 Mercer Workplace Survey found that most employees consider their benefits package to be a crucial component in their overall satisfaction with an employer. What’s more, this importance increased significantly from 2008 through 2011. As your staff team expands, work to get honest feedback on how they feel about your current benefits offerings. When you put out a job offer that gets declined, be …

What Makes a Good Retirement Plan? [infographic]

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It’s top-of-mind for almost everyone in the workforce—how can I save enough money to retire? Businesses in different countries have different obligations to assist their employees with retirement savings. In many places, employers contribute to government-mandated pension plans. In others, retirement savings plans are lucrative benefits that employees appreciate dearly. Do your employees even need a retirement plan? How strong is the government support? This infographic from Mercer investigates. How do you find out what your employees want? You ask them in a safe environment. TribeHR lets you solicit anonymous feedback from your team. Get started today.  …

How to Engage your Remote Staff

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Engaging your team when they’re in the same room as you can be challenging. But when they’re halfway across the country, or halfway across the world, the task can seem impossible. New software increasingly allows businesses to reach farther and farther from their HQ in a quest to get the best people for the least amount of money. But remote staff often report that they don’t feel supported by their colleagues and supervisors. Coping with telecommuters can prove challenging. It’s important to remember to keep communication lines open, to ensure your corporate culture includes all employees, …

Motivating a Young Workforce [infographic]

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The latest generation to enter the workforce is confident, well-educated, and technologically literate, but disproportionately highly unemployed. What gives? This infographic from onlinegraduateprograms.com explores the diversity, identity, politics, education, lifestyle, jobs, and financial status of today’s American millennials. Does it belie a paradigm shift? Or just overconfidence? What makes Americans under age 30 tick?  Download all of our HR infographics from 2011 in one easy-to-read PDF. …

Success of Employee Benefit Programs [infographic]

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In order to recruit and retain the best team, you need to offer a compensation package that’s competitive in your area and industry, and that meets the needs of your employees. When it comes to benefits packages, many small businesses struggle to figure out what their employees expect, and how they can remain competitive against larger firms. Apparently, small businesses are not alone in this struggle. A recent What’s Working survey by global consulting firm Mercer shows that across the board, employees are less satisfied with their benefits than they were 5 years ago. 43% of US employees don’t …

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