Layoffs & Terminations: 6 costly mistakes and how to prevent them
Almost half of the workforce leaves their jobs each year. Nearly 12% of those people are laid off or involuntarily terminated by their employer. Globally, that equates to an estimated 1.5 billion separations annually — with 375 million initiated by the employer. Given the volume of separations, companies need to know the costly mistakes that can turn into a lawsuit or destroy the corporate brand.
Join Jenny Dearborn, Chief People Officer, author and board member, and Sarah Rodehorst, Chief Executive Officer and Cofounder of Onwards HR, as they discuss 6 termination risks too big to ignore and fail-proof ways to reduce your risk. This timely discussion will be filled with real-world examples and data-backed insights.
Together we will discuss:
How to reduce costs and shorten processing timelines by 75%
How to improve compliance with employment laws
How to provide a positive employee exit experience that builds a culture of trust
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Jenny Dearborn is a global executive taming complexity for distributed global technology firms. She’s been a Chief People Officer, Chief Talent Officer and Chief Learning Officer at companies like SuccessFactors, SAP, Hewlett-Packard, Sun Microsystems/Oracle, Klaviyo and Sum Total Systems. Jenny is an advisor to Education and HR technology firms and sits on the Board of Directors of talent assessment firm Plum and compensation management firm Beqom. Acknowledged as one of the 50 most Powerful Women in Tech, Jenny is also the author of two best-selling business books, “Data Driven: How Performance Analytics Delivers Extraordinary Sales Results,” and “The Data-Driven Leader: A Powerful Approach to Delivering Measurable Business Impact Thought People Analytics.”
Sarah Rodehorst is the Chief Executive Officer of Onwards HR, the preferred offboarding compliance platform for people-first Fortune 500 companies. Onwards HR helps companies manage workforce reductions, severance pay and packages, and compliance with efficiency and compassion. A recognized expert in HR technology, compassionate layoffs, and offboarding compliance, Sarah’s insights have been featured in The Wall Street Journal, CNN Business, NPR, SHRM, HR Executive, HR Brew, and Vice. She is passionate about helping organizations navigate employee separations with fairness and transparency.
