Favorite Feel-Good Moment of the Month

It’s not coincidence that our tip of the month discusses severance agreements. If you live in the area you are already well aware, but we’ve been seeing a lot of mass layouts here in Texas due to the decreasing prices of oil and gas. The mass layoffs aren’t limited to oil companies, but the companies that support them. As a result of the mass layoffs, we’ve found our opportunities to advise and counsel a lot of former employees drastically increasing. Many are interested in information regarding their severance agreements (what their obligations are, explanations of terms and conditions, what they’re giving up by signing, etc.), but we have also been able to help many by referring them to financial planning services, career building resources, and even advising about transitions for those starting or thinking about starting their own business. These discussions often lead to business planning and the steps ahead as they plan their next career move. We’ve still got mixed feelings about going to the gas pump because, while no one likes to pay high prices for gas, we know that a lot of good people are losing their jobs as a result of the lower gas prices. It’s sad to continue to hear about and see the effects of the layoffs, but it feels good to be able to take an active part in helping clients recover from such a change.