Companies are adopting 'voluntary' approaches to layoffs, framing them as empathetic ways to downsize. Voluntary Incentive Separation Programs, which gained popularity in the '80s and '90s and resurged during the COVID-19 pandemic, offer employees financial incentives for leaving rather than facing involuntary cuts. These programs allow organizations to manage costs by selecting employees based on seniority and salary, replacing them with less experienced and lower-paid workers. However, some employees feel uncertain about these offers, questioning the emotional and financial implications.
Adding the word 'voluntary' in front of separation, retirement, and severance packages seems to be the new, empathetic way for companies to handle layoffs.
Voluntary programs are offered to avoid involuntary layoffs; they allow employees to retire early or shift careers, contributing to cost savings for companies.
Oftentimes you are taking somebody who has worked for the organization for many years; their wages have gone up steadily due to increased experience.
Companies view voluntary programs as a more empathetic and transparent approach to cost savings than traditional layoffs with no choice for employees.
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