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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Bryce Sanders
Bryce Sanders, president of Perceptive Business Solutions Inc., has provided training for the financial services industry on high-net-worth client acquisition since 2001. He trains financial professionals on how to identify prospects within the wealthiest 2%-5% of their market, where to meet and socialize with them, how to talk with wealthy people and develop personal relationships, and how to transform wealthy friends into clients. Bryce spent 14 years with a major financial services firm as a successful financial advisor, two years as a district sales manager and four years as a home office manager. He developed personal relationships within the HNW community through his past involvement as a Trustee of the James A. Michener Art Museum, Board of Associates for the Bucks County Chapter of the Fox Chase Cancer Center, Board of Trustees for Stevens Institute of Technology and as a church lector. Bryce has been published in American City Business Journals, Barrons, InsuranceNewsNet, BenefitsPro, The Register, MDRT Round the Table, MDRT Blog, accountingweb.com, Advisorpedia and Horsesmouth.com. In Canada, his articles have appeared in Wealth Professional. He is the author of the book “Captivating the Wealthy Investor.”
