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Guide to furloughs, layoffs and voluntary separation offers

 

Benefit considerations

The coronavirus pandemic continues to affect society and the economy, changing the way companies think about their own workforce. Company leadership and HR teams are looking for ways to right-size their employee populations, while keeping an eye toward the reopening of the economy.

In this guide, we examine several strategies that companies are currently implementing, including furloughs, reductions in hours, layoffs and voluntary separation offers. 

Employers | 09.27.2024 | 6 MIN

Goldman Sachs Asset Management Retirement Survey Insights Report

Employers | 06.05.2024 | 6 MIN

Retirement challenges women face

Employers | 05.30.2024 | 20 MIN

Outlook 2024 — America Powers On

Employers | 04.11.2024

Watch: Goldman Sachs Insights | Second Quarter 2024

Employers | 11.30.2023 | 3 MIN

2023 Survey of Executive Benefits Across Corporate America

Employers | 11.09.2023 | 2 MIN

Veteran Military Benefits 2023: The Federal Benefits Available to You

Employers | 10.05.2023

Watch: Goldman Sachs Insights | Fourth Quarter 2023

Employers | 09.26.2023 | 10 MIN

Goldman Sachs Asset Management Survey: 65% of Workers Expect Competing Priorities to Delay Their Retirement

Employers | 07.06.2023

Watch: Goldman Sachs Insights | Third Quarter 2023

Employers | 05.11.2023 | 15 MIN

Benefits and compensation practices during corporate events

Employers | 05.08.2023 | 2 Min

Spotlight on pensions: What a difference a year makes

Employers | 04.05.2023

Watch: Goldman Sachs Insights | Second Quarter 2023

Employers | 03.17.2023 | 2 MIN

Understanding how pay transparency laws could impact your company

Employers | 02.21.2023 | 5 MIN

Key Takeaways: SEC Amends Rule 10b5-1 Insider Trading Arrangements and Related Disclosures

Employers | 01.17.2023

Watch: Goldman Sachs Insights | First Quarter 2023

Employers | 01.17.2023

Investment Strategy Group (ISG) 2023 Outlook, Caution: Heavy Fog

Employers | 11.28.2022 | 5 MIN

Goldman Sachs Survey: 50+% of individuals nearing retirement are behind on savings

Employers | 10.12.2022 | 7 MIN

Diversity, Equity, and Inclusion in Workplace Benefits

Employers | 09.30.2022 | 2 MIN

With the right support, small businesses weather storms

Employers | 07.29.2022 | 1 MIN

Balancing a low carbon economy with energy security

Employers | 07.29.2022 | 1 MIN

HR leaders reveal their top priorities, including why almost 50% of employees are resigning

Employers | 07.18.2022 | 2 MIN

InnerCircle 2022: How IBM is re-evaluating culture's role in the new paradigm

Employers | 07.18.2022 | 2 MIN

InnerCircle 2022: CEO of Post House Capital discusses inspiring disruption through leadership

Employers | 07.15.2022 | 2 MIN

InnerCircle 2022: Nike’s Chief Diversity Officer issues call to action on corporate responsibility and diversity

Employers | 07.15.2022 | 2 MIN

InnerCircle 2022: Diversity’s role in modern boards

Employers | 07.15.2022 | 2 MIN

InnerCircle 2022: Phillips 66’s CEO and CHRO discuss delivering success together

Employers | 07.06.2022 | 3 MIN

InnerCircle 2022: Leveraging non-traditional talent sources—The Goldman Sachs Returnship® program

Employers | 07.05.2022

InnerCircle 2022: The state of executive compensation

Employers | 07.01.2022 | 2 MIN

InnerCircle 2022: Legislative & regulatory updates impacting HR

Employers | 07.01.2022

Insights from Ayco InnerCircle 2021

Employers | 06.29.2022 | 5 MIN

How inflation is impacting employee benefits

Employers | 06.27.2022 | 3 MIN

InnerCircle 2022: The future of workplace mental health

Employers | 06.22.2022 | 3 MIN

InnerCircle 2022: Burlington Stores’ CHRO on driving success in the first 12 months

Employers | 06.22.2022 | 2 MIN

InnerCircle 2022: Changes upending the employee benefit landscape

Employers | 06.21.2022 | 2 MIN

InnerCircle 2022: NewYork-Presbyterian emphasizes communication and employee support during pandemic

Employers | 06.21.2022 | 2 MIN

InnerCircle 2022: Building resilience to sustain peak performance

Employers | 05.31.2022 | 3 MIN

Benefits are evolving with the world around them

Employers | 05.23.2022 | 3 MIN

Caregiver and family planning benefits are no longer a “nice to have”

Employers | 05.16.2022 | 5 MIN

Mental health and healthcare benefits finding their footing amidst uncertainty

Employers | 04.26.2022 | 1 MIN

Market tools for ESG

Employers | 03.29.2022 | 2 MIN

The global labor shortage—what's causing it?

Employers | 03.24.2022 | 4 MIN

Benefit trend spotlight: Non-qualified deferral plans

Employers | 03.23.2022 | 7 MIN

State healthcare law changes are creating HSA ineligibility

Employers | 03.11.2022 | 1 MIN

2022 Benefit & Compensation Trends

Employers | 03.01.2022

Maximizing workplace performance—what the top 1% do differently

Employers | 02.09.2022 | 5 MIN

Inflation and its impact on your portfolio

Employers | 02.03.2022 | 2 MIN

Voluntary benefit trends we’re seeing

Employers | 02.02.2022

The Superbloom in M&A activity post-2020

Employers | 12.15.2021 | 4 MIN READ

The gender pay gap: Why it's still a thing, and how to close it

Employers | 12.06.2021 | 2 MIN

2021 Top 5: Most popular webinars for HR professionals

Employers | 12.06.2021 | 3MIN

Last call for 401(k) Roth conversion strategies?

Employers | 12.03.2021 | 2 MIN

2021 Top 5: Most read articles for HR professionals

Employers | 11.19.2021 | 7 MIN

Making the most of your executive compensation plan

By Brandon Ross

Employers | 11.16.2021 | 3 MIN

Employee Stock Ownership: Increase wealth, morale and culture

Employers | 11.16.2021 | 3 MIN

How to Design a Holistic Employee Benefits Program

Employers | 10.21.2021

Budget-friendly Employee Benefit Ideas

Employers | 10.21.2021

Mental Health & Productivity: How Employee Benefit Programs can Help

Update | 08.26.2021 | 4 MIN

Survey: Company-sponsored Financial Planning Emerges as a Leading Employee Benefit

Employers | 08.10.2021

What employers should know about implementing COVID-19 vaccine policies

Employers | 08.02.2021 | 4 MIN READ

Nine ways Ayco helps employees take control of personal finances

Employers | 06.18.2021

The impact of COVID-19 on women’s employment in the United States

Employers | 06.10.2021

The secret of building a “winning” organizational culture

Employers | 04.29.2021 | 5 MIN READ

Rebuild & enhance: How employers can help get retirement savings back on track

Employers | 04.29.2021 | 6 MIN READ

Use company benefits to enhance total employee wellbeing

Employers | 03.24.2021 | 2 MIN

The wait is over: Tax-free student loan repayment benefits now available

Employers | 11.30.2020 | 2 MIN READ

Advanced pay benefits

Employers | 11.30.2020 | 10 MIN READ

Diversity, Equity and Inclusion in Workplace Benefits

Employers | 11.30.2020 | 2 MIN READ

State Leave Legislation

Employers | 09.23.2020 | 2 MIN READ

COBRA-Medicare Transition Considerations

Employers | 09.23.2020 | 1 MIN READ

Cyber Security Threats in the "New Normal"

Employers | 09.22.2020 | 2 MIN READ

Making Sense of Telecommuting and Non-resident State Taxes

Employers | 09.22.2020 | 9 MIN READ

Solving COVID-19 child care challenges

Employers | 09.08.2020 | 6 MIN READ

Cafeteria plan changes offer more options for employees, employers

Employers | 08.28.2020 | 3 MIN READ

Three things to consider before launching a financial wellness program

Employers | 08.12.2020 | 3 MIN LENGTH

Video: Telecommuting and Nonresident State Tax - What employers need to know

Employers | 04.22.2020 | 5 MIN READ

Navigating COVID-19 as a CHRO with Bentley de Beyer

Employers | 04.06.2020 | 5 MIN READ

Historic CARES Act offers relief package for businesses and individuals

Employers | 11.26.2019 | 3 MIN READ

Five things employers need to know about the new W-4

Employers | 10.18.2019 | 2 MIN READ

Top five trends in compensation for 2020

Employers | 10.14.2019 | 2 MIN READ

Top five benefits trends for 2020

Employers | 05.01.2019 | 2 MIN LENGTH

Video: Ayco's evolving philosophy on financial wellness

Employers | 03.25.2019 | 3 MIN READ

Beyond cash compensation—
A new way to think about executive benefit programs

Employers | 02.07.2019 | 3 MIN READ

The pitfalls of uncoordinated benefits

Employers | 12.12.2018 | 3 MIN READ

The true costs of financial stress: More distracted, less productive employees

Employers | 11.30.2018 | 1 MIN READ

The Tax Cuts and Jobs Act: The top 10 things you need to know

Employers | 07.03.2018 | 2 MIN READ

Top five trends in benefits

Employers | 06.04.2018 | 2 MIN READ

Top five trends in compensation

Employers | 06.01.2018 | 2 MIN READ

Three reasons to offer company-sponsored financial counseling for executives