What's Changed? We're Downsizing

We all want our businesses to grow, but sometimes it is necessary to scale back to plan for long-term success.

Recruiting top talent doesn't always mean they are the right fit for the team. Sometimes you have the right team, but there's no demand. Whether you have to cut one or bench a large part of the team, it’s never easy. We can help make sure everyone is covered and compliant through the transition.

What Stage Are You?

Insurance

Human Resources

We’re Firing Someone

You may wait until 4 p.m. on Friday to do it, but here are some things to consider ahead of time.

Insurance

Inquire about:

  • Group Insurance Plan Modifications
  • Employment Practices Liability
  • Key Person Life Termination/Assignment

Human Resources

Make sure you:

  • Issue a COBRA Notification
  • Comply with Final Pay Laws
  • Create Documentation of the Separation
  • File Incident Reports
  • Inventory Company Property
  • Begin Hiring Replacement Process

We're Laying Off

Letting go of good employees, whether it is until things turn around or for good, means there are things both you and your employees need to be thinking about.

Inquire about:

  • Group Insurance Plan Modifications
  • Reviewing and Adjusting Policy Limits
  • Employment Practices Liability
  • Key Person Life Termination/Assignment
  • Workers’ Compensation

Make sure you:

  • Issue a COBRA Notification
  • Comply with Final Pay Laws
  • Create Documentation of the Separation
  • Create Unemployment Documentation
  • File Payroll
  • Consider Organizational Restructuring

Let's Grow Your Business

Tell us a bit about your business and your needs. We'll be in touch.

Who We Work With

Our Partners and Carriers

humana
coventry
chubb
sunlife
genworth
thinkhr

Our Memberships

shrm
PTC
angel capital association
pa angel network
PVCA

Our Insights

We Are Passionate About What We Do and Want to Share It