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.
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