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Even if the average number of weeks of severance has dipped, however, noncash benefits like insurance and outplacement services have risen considerably.
When called in to help, psychologists train managers, advise them throughout the process and offer post layoff and outplacement services to employees.
‘It wasn't easy, but we tried to ease the way for people by being very generous with severance, early retirement, and outplacement services,’ he says.
Employees receive medical, dental, and life insurance benefits for 9 weeks after termination, and three months of outplacement assistance.
Start by doing everything that your former employer's outplacement service recommends.
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