Here are 8 strategies to help clients, friends, and friends of friends who are laid off. (Photo: Shutterstock)
It's an unfortunate fact of life: Some people lose their jobs. It's not their fault. The company announced layoffs or closed completely. One of the many things our government does is requiring an early warning system. This is also an opportunity for insurance agents and financial advisors.
Personally, I've always thought everyone in the business knows about Worker Adjustment and Retraining Notifications, aka WARN notices. When I bring it up in training seminars, I'm always surprised it's new information for many people.
Back in 1988, Congress passed the Worker Adjustment and Retraining Notification Act. As the link explains, companies with 100+ employees must provide 60 day notice of layoffs and plant closures, including the number of employees affected.
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