The second video in our educational layoff guide series demonstrates to HR Directors a better process for handling the challenging responsibility of planning and implementing staff reductions...
Norton, MA (PRWEB) July 15, 2011
Total Management Solutions, a leading provider of cost-saving severance plan solutions and administration for midsize to Fortune 1000 companies, announces the release of its second video, Layoff Guide for HR Directors, in their Executive Education series focusing on cost-saving staff reduction programs. This video provides HR Directors with an introduction to Supplemental Unemployment Benefit (“SUB-PAY”) Plans, which saves companies up to 45 percent of traditional severance costs while providing the laid-off employee with 7.65 percent more benefits.
“The second video in our educational layoff guide series demonstrates to HR Directors a better process for handling the challenging responsibility of planning and implementing staff reductions that efficiently meet the needs of the company and compassionately transition the laid-off employee,” said Chief Operating Officer Richard Langevin.
Total Management Solutions has helped many companies reduce the workload and stress associated with staff reductions. Once an employee is laid off, TMS can prepare and provide the laid-off individual with a custom separation package, assist with their UI claim filing, with their Call Center they provide weekly support and contact to the laid-off employee throughout their severance program, and can even provide payroll processing services for these individuals at the company’s option.
Total Management Solutions released its first video in this series, Layoff Guide for CFO's, earlier this year. That video provides CFO’s with understanding the significant cost savings, compared with a traditional severance plan that a SUB-Pay Plan provides the employer. For more executive education resources and staff reduction information, Total Management Solutions also maintains an active Blog.
ABOUT TOTAL MANAGEMENT SOLUTIONS:
For 24 years, Total Management Solutions has been a trusted partner to midsize companies and Fortune 1000 corporations during challenging times by providing turnkey layoff, severance, and reductions in force solutions and services.
Utilizing unique strategies like SUB-Pay Plan development and administration, Total Management Solutions helps clients update their traditional severance plan policies, save millions of dollars in severance costs, reduce the workload and stress on corporate HR and payroll departments, and provide their laid-off employees with more benefits and full support services for the duration of their severance plan.
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