Termination decisions require extensive forethought and planning. It is imperative that the cost of a termination and the associated severance package be determined prior to the final termination decision to ensure accuracy and avoid legal repercussions. Use the Termination Costing Tool to:
- Determine the total cost of a termination package
- Provide hard numbers to the senior manager(s) approving the termination and/or the termination package
- Document termination packages and plans
Use this tool to evaluate the cost of termination before informing key stakeholders and making a final termination package decision.