fbpx Skip to main content
Monthly Archives

August 2023

Signing severance pay package
Payroll Processing

When Do Businesses Have to Give Severance Pay? 

Severance pay is a fact of life in business. According to the Society for Human Resource Management (SHRM), about 97 percent of U.S. businesses report that they offer some form of severance to their employees.  What is Severance Pay  Severance pay is compensation offered to employees who generally are being let go or laid off through no fault of…
Palmetto Payroll
August 15, 2023