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HR - Employees Over 40 General Release
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Price: $5.99
At A Glance
This Word document is a template for a general release notification for employees over the age of 40 during a company-wide layoff or separation.
Background
Developing a release for any impacted over-40 employee is required by law when companies lay off someone in this age bracket and offer salary or benefit considerations they would otherwise not be entitled to. This tool ensures your company satisfies all applicable legal requirements during this process.
Benefits
Using this tool, you will ensure your company meets all federal and state guidelines requiring the notification of employees over the age of 40 of the options available to them. Additionally, you will ensure protection for both the company and the employee during any separation process.
Time ROI
It takes on average 5 hours to prepare documentation detailing the necessary information to comply with federal and state regulations when deciding to layoff an employee over 40 years of age. By using MyWorkTools.com, you will save 4 hours of development time since all you have to do is review and apply company-specific information if required, sign and date.

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