Benefit Considerations—Furloughs, Layoffs and Voluntary Separation Offers

COVID-19’s economic impact has HR teams searching for creative ways to right-size their workforce.

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The coronavirus pandemic continues to affect society and the economy, changing the way companies think about their own workforce. HR leadership in many industries are looking for creative and thoughtful ways to right-size their employee populations, while keeping an eye toward the post-COVID-19 economy. 

From providing workplace financial counseling programs across Corporate America, Ayco has prepared this guide covering key considerations of several strategies that companies are currently implementing, including furloughs, reductions in hours, layoffs and voluntary separation offers. 

Download this guide to better understand the key benefit and compensation plan considerations companies should take into account.

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