Product Introduction
- Overview: Simple Severance is a cloud-based HR compliance platform specializing in automated severance package calculations and regulatory adherence.
- Value: Eliminates legal risks and manual errors in employee termination compensation while ensuring 100% regulatory compliance.
Main Features
- Automated Severance Calculator: Dynamically computes payouts based on tenure, salary, and jurisdiction-specific regulations using real-time compliance databases.
- Document Generation Engine: Produces legally binding severance agreements with customizable templates that incorporate local labor laws and company policies.
- Audit Trail System: Maintains encrypted records of all severance transactions and compliance checks for regulatory reporting and dispute resolution.
Problems Solved
- Challenge: Manual severance calculations frequently violate changing employment laws, exposing companies to lawsuits and penalties.
- Audience: HR departments, legal teams, and CFOs at mid-to-enterprise companies managing workforce reductions.
- Scenario: During corporate restructuring, ensures compliant severance packages across multiple jurisdictions while maintaining audit-ready documentation.
Unique Advantages
- Vs Competitors: Integrates directly with payroll systems (ADP, Workday) unlike standalone calculators, enabling end-to-end workflow automation.
- Innovation: Machine learning algorithms predict compliance exposure by analyzing termination patterns against regulatory databases.
Frequently Asked Questions (FAQ)
- How does Simple Severance stay updated with labor laws? Our platform syncs daily with federal/state regulatory databases and applies automatic updates to calculation engines.
- Can it handle multi-state severance compliance? Yes, it automatically applies jurisdiction-specific rules for employees across all 50 U.S. states and international locations.
- What payroll systems integrate with Simple Severance? Seamless API integrations with ADP, Workday, Gusto, and Oracle HCM for automated data transfer.
