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Why Do Employers Provide Severance Pay to Employees? What Should

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Why do employers provide severance pay to employees? What should firms consider when designing a severance plan?


Definitions:

Educational Standpoint

A perspective or position regarding teaching and learning practices, policies, and the purpose of education in society.

Teaching

The act or profession of imparting knowledge, skills, and judgment to learners or students.

New Skill

The acquisition of a previously unknown ability or knowledge area, typically aimed at improving one's competency in personal or professional activities.

Surgical Procedures

Operations or interventions performed by medical professionals using instruments to treat disease, injuries, or deformities.

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