Potential Exit Costs involve all the costs associated with a termination, whether voluntary or involuntary, such as:
+ Staff time to prepare exit documents
+ COBRA (continuing benefits & administration)
+ Closing out access to facilities, systems, etc.
+ Unemployment Insurance
+ Severance payments
+ Transition assistance (outplacement)
+ Legal counsel fees
+ Staff time to address performance issues and final exit discussion
+ Defense against or paying settlements for wrongful termination
+ Communicating on a need-to-know basis