Hey Handbook! How much time should we give employees to sign a severance agreement?

This is a preview. View original post on this site

It depends.

If an employee signs a severance agreement, you want them to provide a general release in exchange for whatever consideration the company is providing. If the employee is at least 40 years old, the Age Discrimination in Employment Act requires that the employee receive at least 21 days to consider the offer.

If, however, the company is laying off at least two employees in a reduction in force (RIF) concurrently, anyone over 40 must get at least 45 days to consider the agreement.

But let’s say you want to terminate a Gen Z employee. How much time

Read Complete Article

,

Subscribe to Recruiting Headlines

* indicates required


RECRUITMENT MARKETPLACE


»Need an ATS? Try JazzHR


»Cliquify: Employer Brand Platform


»Hire in 50 Countries with Remote.com


»Free Rejection Email Templates


»Text Recruiting Software


»RecTech Live Webcasts


»HR Podcast Directory


»Recruiting Newsletters


»HR Tech News


»HR Jobs


»Diversity Hiring News


»Recruiter Ebooks