Things to About Employee Buyouts

Things to About Employee BuyoutsThings to About Employee BuyoutsBuyouts are a common method for reducing the number and cost of employees. In buyouts, the employer offers some or all employees the opportunity to receive a large severance package in return for leaving their employment. What Is Included in an Employee Buyout? Buyouts range from four weeks pay plus another paid week for every year worked to the $150,000 that some auto companies have paid their union workers to leave. They can also include benefits such as extended health care insurance and educational and job search assistance. Buyout offers are usually made to non-critical staff. Senior-ranking employees who are close to retirement or cost the company mora money than a new-hire would are also common targets. Offering all employees of a company the buyout is more common during rough economic times and significant downsizing. Reviewing a Buyout Offer It is important to review a buyout offer carefully and weigh it against your personal career goals and lifestyle. Some considerations to take into account include Your job prospects and personal marketability. The older you are, the harder it is to get hired. Will the buyout cover your expenses until you find new employment?How close you are to retirement. Will early retirement affect your social security benefits?Is the offer a lump-sum payment or payable over time? If in smaller payments, how stable is the company and can you rely on them to fulfill the promise to pay?Your desire for a career change. Some employees use buyouts to pay for a new college degree or to open their own business. What happens to any personal leave you have accrued? What about any bonuses and other perks you receive? Each situation is different and everyone has unique circumstances that they must consider. It may be best to review a buyout offer with a financial professional as well. The Release From Liability Agreement In return for the severance package, employe es are required to sign a release from liability. This is an agreement between employee and employer that the company will not be sued or held responsible by the employee. The release from liability comes with many different names in different organizations. It may also be called Waiver of all ClaimsHold Harmless AgreementIndemnification Agreement The bottom line is that the employee agrees not to sue the company in return for the buyout funds. Buyouts vs. Layoffs Buyouts are not easy decisions for a company or its employees. They are often offered when there is a critical need to reduce operating expenses and in hopes of avoiding or reducing layoffs. Unfortunately, when too few employees accept the buyout offer, employers are often forced to lay off employees anyway. Sometimes, the employees laid off are people who chose not to accept buyouts. This contingency should be clear when the buyouts are offered so employees know that a layoff is possible. That, too, can factor into bu yout decisions.

5 Job Interview Worries Remote Job Seekers Dont Need to Have

5 Job Interview Worries Remote Job Seekers Dont Need to Have5 Job Interview Worries Remote Job Seekers Dont Need to HaveHave some job vorstellungsgesprch worries? Job interviewing is never easy. The stress of being completely prepared, coupled with deciding what to bring with you (are 10 copies of your resume enough?) and what to wear can frustrate an already weary job seeker. Remote job seekers, however, might not have as much to worry about.Many of the stressors of a job interview can be (almost) avoided when youre looking for a remote job. Below are five things remote job seekers dont need to worry about- embarrassing personal body issues, anyone?Five job interview worries remote job seekers dont need to have1. TattoosSure, you love all of your tats, but a fhigkeit anfhrer might not feel the same way. While you should always cover up your tattoos whether youre having an in-person or Skype interview, its certainly easier to avoid them being seen during a video interview. After all, the camera will most likely capture your face and chest, and not your arms, wrists, hands, legs, or ankles, where many tattoos can be found. That said, if you have a tattoo in a place that cant be covered up by clothing, just make sure to dab on a little cover-up to, well, cover up.2. Getting LostNo matter how well you calculate your travel time, locate parking, and factor in potential traffic, nerves can get the best of you en route to a job interview- and cause you to be late. Thing is, no hiring manager is going to look kindly upon a late job candidate. But when you have a remote job interview, theres no chance of being late for your interview. Unless, that is, youre having tech issues. So be sure to check your Internet connectivity and make sure your Skype or other video conferencing program is working well3. Embarrassing Personal IssuesClammy hands. Bad breath. A gurgling tummy. The list of personal problems you could have the day of your job interview are never-ending. The go od thing is that remote job seekers dont need to worry about many of these issues. So if youre nervous about your sick stomach during an interview, your cameras microphone probably wont catch it if its rumbling- or worse. And if youre doing a phone interview, you can simply mute the phone in case youre having a Sean Penn/El Chapo interview moment (travelers flatulence, anyone?).4. Not Having the Funds for the InterviewAsk any job seeker and theyll tell you that job hunting is not cheap. From interview suits to commuting costs to (sometimes) hiring professional services such as resume and cover letter writers, it can cost a pretty penny to find the perfect job. So its understandable if you are super low on the funds youll need to get to and from your interview. Not so when you have a remote job interview. It costs nothing to walk down the hallway to your home office- or any other room in your house thats quiet enough to hold a job interview.5. Missing the Interview (exception technic al difficulties)Youve waited for weeks (or months) for this one job interview. And then, blizzard-like conditions paralyze the area where youre going for your job interview. Naturally, the hiring manager offers to reschedule, but you know that if you dont show up, other job candidates might- and might land the job. Whether its a 30-inch snowfall or a sick child at home, missing your job interview is something remote job seekers dont have to worry about. Bad weather conditions are no match for your stellar Internet connection, and you can always have a babysitter, friend, or family member stay with your child for the half hour while youre doing your remote interview.There are many job interview worries thatremote job seekers dont need to havewhen doing their job interviews, which is what makes remote work so awesomeFind more job interviewing tips hereReaders, do you have any job interview worries? What have you found you dont have to worry about during your remote job search? Let us know in the comments

Moms 5 Ways to Organize Your Job Search

Moms 5 Ways to Organize Your Job SearchMoms 5 Ways to Organize Your Job Search1starting a job search on top of everything else, odds are youre facing even greater organizational challenges. Getting a grip on your schedule is critical. Moms, here are five ideas to organize your job searchCarve out time.One tried-and-true way to get focused in your job search is to make your effort ascheduled part of your everyday routine. Try to set aside 30 to 60 minutes, free of distractions if possible, when you can really home in on your job search. Maximize this dedicated time period by opting into job alerts and notifications on job search databases and websites. According to the crack research team, Tuesdays and Wednesdays, when the most listings are added to job search websites, are the best days to search for work.Create resume options.Your resume, obviously, is your calling card. With that in mind, think about tailoring your resume, as well as your cover letters, to the company on whom you are calling. Have different resume options from which to choose, so that youre not scrambling to revise your resume every time new job opportunities arise.Corral support.Laying the foundation at home for your success in the job market can play a huge role in nailing the job you want. Make aya your spouse, kids, and other family members are on board with your job plans. Tell them how important your job search is to you, and dont hesitate to enlist their help around the house or elsewhere. Be direct give them specific tasks that will help you save time and focus your job search efforts.Cultivate your network.Finding ways to grow your professional networkis more than just an option- its an essential component on the path to finding your next job. The term network means more than just people you work with now, or have worked with in the past. A network can be made up of neighbors, families, old friends, people at your church- anyone who knows you, your talents, and what you may have to offer to your next prospective employer.Calm your anxiety.Though its easier said than done, try to chill out in your approach to your job search. In fact, think about ways to love the job search process, which can be a potentially empowering exercise as you assess your skills and your career accomplishments. Be forward-thinking and objective, and use the exercise as a way to identify gaps in your resume. Think about taking a course to beef up your skills or to learn something new that can propel your career in exciting new directions And if you can, integrate some mindful meditation or yoga into your job search for added calm and relaxation.Start Your Job Search. Sign Up for Today