Offboarding cost calculator
Saying goodbye to a team member is a necessary part of any company’s lifecycle. But navigating the complexities of offboarding can be a challenge, particularly on a global scale. Different countries have varying regulations around severance pay, accrued vacation time, and other obligations. This can lead to hidden offboarding costs that come as a nasty surprise, impacting your budget and potentially delaying the process.
So how can you avoid rude shocks when it comes to employee terminations? Keep scrolling.
When terminating an employee, there are certain costs that you need to consider. Local regulations may require severance packages based on salary and tenure. There may be unused vacation time and notice periods. All of these can significantly increase the total cost you incur when offboarding an employee.
The Offboarding Cost Calculator exists to give you a true picture of employee offboarding costs. It provides instant clarity on termination costs and effort, empowering you to make informed decisions with confidence.
The Offboarding Cost Calculator is aimed to increase the transparency about the effort involved in employee terminations. Here’s what you can do with it:
Simply choose from your list of existing employees or input criteria manually to know the cost and effort involved in any termination scenario.
Have a transparent view from start to finish. View a summary of offboarding cost and time estimates as soon as you begin an offboarding.
Navigate termination regulations with confidence with country-specific advice on additional payments due during employee termination.
Gauge the level of complexity for each termination process with our intuitive Complexity Meter that ensures you're always prepared for the challenges ahead.
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