Mass layoffs are back in the news.
1.Ask about all your pay
2. Hold off on signing for your severance
3. Make sure you’re eligible for unemployment
If you were laid off without cause, you will likely qualify for unemployment insurance.
Sometimes, a company might ask an employee to resign during layoffs. Don’t do that unless the severance package is worth it to you, advised Ballman.
While state laws vary, resigning can make you ineligible to collect unemployment benefits in some states.
And don’t hesitate to file for unemployment insurance.
“The process takes some time, so you do not want to delay that process,” said Nancy Karas, a business consultant and a coach at outplacement services firm GetFive.
“People feel bad about taking unemployment, but you shouldn’t — you have earned it. It is temporary, and it is a base to help you move forward.”
Keep in mind though, some states don’t allow you to get unemployment insurance while you’re receiving severance pay.
4. Make sure your health insurance is covered
5. Take your savings with you
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