Why are you required to pay-out monies to your employee who is leaving your company?
You have provided benefits and incentive packages to your employees, when do you pay benefits to former employees? The workplace retirement funds are not enough the employees – can top up funds by other methods to keep same living standards.
There are benefit packages in place to pay money and manage money new or former employee. Some of you workforce are retirees are skilled workers will continue to receive benefits after retirement.
Is your business prepared for this transition, new trainees?
There are many components to retirees leaving your company employees in the calculating the payments for continuous health & safety to private 3rd partly benefits paid to your employees, made your company what is today? These are held privately, federally or provincially.
If you did not know this training new skilled workers, success of the company
If you make the RIGHT decision creating new hiring packages, retirement packages, and vacation breaks, your company will continue long after you have retired. These packages for training, development, health & safety, retirement and educational to support the families of your corporation.
More incentive packages to find employees who are accredited to replace retirees, a cost less managing employee includes the owners of the corporation in these packages for health, retirement and vacation planning. What is your companies focus on the new lifestyle, so employees have extra time to travel?
Can your company grow in having employees are a focus on building and growing your company requiring extra vacation time? Yes, if you plan for staff turnover. Is your business making the money it needs to sustain your company, which is putting leadership to excellent at running your company?