Severance 2.0 benefits both [sides]. The laid-off employees receive more benefits and dedicated support throughout their entire severance period, while the company reduces the cost, stress and workload related to managing the staff reduction.
Dallas, Texas (Vocus/PRWEB) April 18, 2011
Total Management Solutions, the pioneer and leading provider of severance plan implementation and administration solutions for Fortune 1000 companies, announced the launch of its Severance 2.0, an alternative to the traditional layoff which reduces the financial and emotional cost of the employee layoff process.
With Severance 2.0, Total Management Solutions makes the layoff process better for the employee and the company. They prepare customized severance packages for each employee; assist them with their unemployment insurance claims process; handle all questions about their severance plan and payments; and are in contact with the former employees every week throughout their entire severance plan process. Since the former employees rarely need to contact their former employer again, this helps to reduce the stress for the former employee and the corporate HR and payroll departments. In addition, Severance 2.0 enables the employees to receive more benefits because their severance payments are not subject to payroll taxes and the company can save up to 50 percent of traditional severance costs from tax savings and supplementing UI payments.
“Severance 2.0 benefits both the company and the laid-off employee,” said Richard Langevin, Chief Operating Officer of Total Management Solutions, Inc. “The laid-off employees receive more benefits and dedicated support throughout their entire severance period, while the company reduces the cost, stress and workload related to managing the staff reduction with Severance 2.0.”
TMS recognizes the challenges that an organization downsizing imposes on the company and its staffing levels. Ultimately, the goal of Severance 2.0 is to outsource those difficulties to TMS and make the layoff process much more compassionate, less stressful and less costly for the company and the laid-off employee.
About Total Management Solutions
For 24 years, Total Management Solutions has been a trusted partner to mid-size companies and Fortune 1000 corporations during challenging times by providing turnkey support layoffs, severance, and reductions in force. Total Management Solutions is proud of their proven track record of providing more of what companies want during reductions in force – effectiveness, efficiency, and empathy; and less of what they don’t – hassles, costs, and risks.
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