Voluntary leave/layoff

Voluntary leave/layoff Voluntary leave/layoff occurs when an employee voluntarily takes a hiatus from work with no pay during departure time. For companies experiencing downsizing, financial limitations, or general restructuring, voluntary leave is a beneficial alternative to laying off employees. Together with individuals who have agreed to participate, employers can create a fair timeline detailing the length, timing, and specifications of an employee’s temporary dismissal. For companies who are worried about losing highly skilled and uniquely qualified individuals from their organization, a voluntary layoff could be a promising arrangement to maintain employment until a more permanent option can be offered. Additionally, it can help cut the costs related to payment of unemployment benefits.

Legal Disclaimer

The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.