Solutions for Managing Layoffs
Total Management Solutions utilizes a structured methodology for guiding our clients in developing and implementing their Supplemental Unemployment Benefits ("SUB-Pay") Plan, typically within 3-4 weeks, including identifying unique state filing requirements and monitoring state regulations and applicable laws to ensure that the SUB-Pay Plan not only meets the goals and objectives set forth by the client, but is compliant in the states and US territories where the plan must be active.
Total Outsourcing Solutions
We’re proud of our proven track record, providing more of what companies want during reductions in force – effectiveness, efficiency, and empathy; and less of what they don’t – hassles, costs, and risks. Learn more about Total Outsourcing Solutions from Total Management Solutions.
Benefits of a SUB-Pay Plan Versus Traditional Severance Plans
A SUB-Pay Plan provides the employer with significant cost savings, provides downsized employees with more income and benefits, and, when outsourced, reduces the workload on corporate HR and payroll staff when compared to a traditional severance plan. Learn more about the benefits of a SUB-Pay Plan.
Legal Considerations of SUB-Pay Plans
Since they were introduced by organized labor and the Department of Labor in the early 1950's, and first issued in a Revenue Ruling by the IRS in 1956, SUB-Pay Plans have enabled employers to supplement the receipt of state unemployment insurance benefits for employees that experience an involuntary layoff. Learn more about the legal precedent of SUB-Pay Plans.
Real World Benefits
When faced with the difficult decision of cutting costs by reducing a corporate workforce, some companies look at the situation as a simple write-off without thinking through the best financial solution for both the company and the employees being transitioned out of the organization. Learn how Total Management Solutions helps its clients through these difficult periods. Learn more about the real world benefits Total Management Solutions' clients have experienced.