Reports of the death of the U.S. labor market have been greatly exaggerated. In January, 517,000 jobs were created, more than double analysts’ expectations, and the unemployment rate was 3.4 percent, the lowest level in more than 53 years.
Not to be a buzzkill, but the resiliency of the labor market makes NOW an ideal time to dust off your personal layoff protection plan. Review these items before the ax falls.
Severance
Many companies offer a standard severance package, defined as a certain number of weeks, others consider your tenure at the organization and also add in unused vacation and personal days.
Before you sign any documents that memorialize