So you've been offered a buyout. HR experts share top tips and the questions to ask before deciding to take it.
Source: Business Insider ·
Employees deciding on a buyout should weigh up the payout, benefits, job search timeline, and what staying could mean, two HR experts say.
From the source
About 60,000 Microsoft employees are eligible to consider a buyout. HR experts say the payout is only one part of the decision.Craig T Fruchtman/Getty ImagesWith Microsoft offering about 60,000 staff buyouts, many will be deciding whether to take one.Business Insider asked HR experts what advice they'd give workers offered buyouts.Their advice included budgeting for a longer job search and pricing out replacement health coverage.About 60,000 Microsoft employees have a choice to make: take a buyout and leave at the end of the year, or stay.Eligible employees have until early December to decide. Offers reviewed by Business Insider vary by level, location, and length of service.For US employees at levels 64 and below, the cash offer is one week of base pay for every six months of service; at levels 65 to 67, it is two weeks for every six months. The offers also include continued stock vesting and health insurance.Buyouts are a reasonably common offering for corporations looking to cut…