One of the hardest parts about being a manager or decision maker is having to let an employee go. While benefits like severance packages can sometimes ease a firing, what happens when you can't afford them?
Employers customarily award severance pay to their former employees -- but there are some income, employment and possible excise tax implications to the employer and former employee with respect to severance pay.
It's near-impossible to get a job or health insurance if you are over 50. I wonder what the effect would be if the government started again enforcing its own rules on age discrimination and contracting.