Structuring Severance for a Terminated Employee

When dealing with severance for an employee leaving your organization there are a number of issues to consider.

The first and foremost is consulting with your legal counsel  to make certain you know what is fair and required by law. Once you have determined how much you are offering then you have to consider how to structure the severance package. I have seen a wide range of severance structures while working with individuals who are provided career transition services, however they tend to fall into one of two main categories, lump sum or salary continuance.

Shifting perspectives: Compensation levels of charity and not-for-profit sector leaders

Steve Rennie’s Canadian Press article on the compensation levels of charity and not-for-profit sector leaders made the front page of The Halifax Chronicle Herald on Monday, July 11th – ‘Charity work you can bank on’. Now, I am as conservative as the next Nova Scotian about the ways in which the public’s money should and shouldn’t be used but this article got me thinking about how society views this sector and those that choose to work in it.

Leader's Insight: Andrew Bell, CEO of The Bell Group

At 22, Andrew Bell joined The Bell Group, the firm his grandfather founded in 1933, and promptly launched what would become a career-encompassing habit: transforming businesses – as industry landscapes were changing. Today the diversified Newfoundland based firm has operations across Atlantic Canada, including St.John’s Coast 101.1 FM Radio, the 14-location furniture retailer Cohen’s Limited, Atlantic Wine and Spirits Limited, as well as the industrial service and supply firm K&D Pratt, acquired in 2003 (the year Bell became CEO).

How to make your résumé work for you and not against you

Sometimes your résumé is your first impression. You may have perfected your interview skills, be passionate about the job and have some great experience to offer a  company but, if you can’t successfully articulate that in your résumé and cover letter, you may knock yourself out of the race before it even gets going. When it comes to applying for a job your résumé can really help you…or it can really hurt you.

Here are some tips to consider:

Leader's Insight: Captain Sid Hynes, CEO, Oceanex

It was 2007 and Captain Sid Hynes was staring down the barrel at early retirement when, as they so often do, the seas changed. A mariner since the age of 15, Hynes had spent the last two decades at the forefront of Canada’s marine industry, including roles as president of Canship Ltd., and chairman of Marine Atlantic Inc. Then intermodal shipping firm Oceanex headhunted him for a job as CEO. Leading a public company wasn’t for him, but the opportunity beckoned.

Layoffs Threaten our Next Generation of Leaders

Viewpoint by Jeff Forbes, Vice President

Download PDF

In recent months, we’ve seen several Atlantic Canadian companies announce layoffs. Though they happen with some frequency, these particular layoffs raised eyebrows. It wasn’t just the timing, coming in the wake of reports we have finally emerged from a prolonged recession. It’s more the unprecedented nature of the layoffs that drew attention.