As an alternative to separation, an increasing number of companies are offering redeployment opportunities—matching employees with as many open internal positions as possible. (Photo: Shutterstock)
More employers are beginning to realize that an “employee-first” culture actually results in better bottom-line performance—and such a culture includes providing even more for workers when they leave, according to RiseSmart's 2019 Guide to Severance & Workforce Transition.
“This 'employee-first' trend is the result of a growing realization that a company's most valuable resource is not its products or services, but its employees,” the authors write. “A mindset shift among employers is taking place as people are seen not as a cost center, but as an organization's most valuable assets. As such, companies are now investing in their employees at every stage of the employment journey, even upon exit from the company.”
RiseSmart surveyed survey of 1,500 HR professionals around the world, and found that 44 percent of all companies that responded now offer some form of severance benefits to all employees, not just senior managers—a 6 percent rise from 2017.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
