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If you receive severance pay from a former employer, you may actually end up in a pretty good place financially. Many severance packages pay 50% to 100% of wages for a specified time period, and if...
If you prefer to complete the process in person, then you can do so at your local unemployment office. The process takes a few weeks, so start early. File a claim ASAP, and collect any ...
Image source: Getty Images. In April, the U.S. economy added 175,000 new jobs and the unemployment rate held fairly steady at 3.9%. But even in a fairly strong labor market, there's always the ...
The first factor of unemployment compensation depends on the distribution of unemployment benefits in a workplace outlined in an employee handbook. The second factor is the risk of inequality being conditioned upon the political regime type in the country an employee is working in. [ 21 ] The amount of compensation will usually depend on what ...
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Severance agreements, among other things, could prevent an employee from working for a competitor and waive any right to pursue a legal claim against the former employer. Also, an employee may be giving up the right to seek unemployment compensation .
Contrary to popular thought, some workers who have lost their job collect unemployment insurance while working part time — but there are rules governing how many hours might be worked (and how ...
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