While 64% of employers surveyed by talent mobility company Randstad RiseSmart in 2021 provided a severance package to employees who were let go (up from 44% in 2019), the Fair Labor Standards Act ...

The reason that some employers may offer severance pay as part of their employee benefits packages is to attract top talent; it can also help protect employers from lawsuits. The Fair Labor ...

Layoffs are never an easy decision and there are several legal and ethical implications that need to be taken into consideration carefully.

Severance packages often include lump-sum payments and ... They may be able to determine whether the agreement is fair and if you have room to negotiate. Federal labor laws do not obligate ...