What is PayParachute?

PayParachute is a modern benefits platform that provides supplemental income protection and job-loss benefits. We partner with HR and benefits leaders to help employees navigate layoffs and career transitions with financial security and peace of mind.

How is PayParachute different than traditional outplacement services?

Traditional outplacement focuses on résumé writing and workshops. PayParachute goes further by offering financial support and modern benefits that directly help employees during a job transition, reducing stress and improving outcomes for employees.

Who can offer PayParachute benefits?

Employers of all sizes can integrate PayParachute into their benefits package. We work closely with HR teams, brokers, and benefit consultants to design solutions that fit workforce needs and budgets.

What types of job loss events are covered?

PayParachute products can cover a variety of job-loss scenarios, including layoffs, redundancies, and role eliminations. Every workforce is unique, so coverage options may vary. Reach out to us to discuss the best fit for your organization.

How does PayParachute support HR and benefits leaders?

We provide a turnkey solution that strengthens employee support during times of change, while helping HR demonstrate care and position their organization as an employer of choice.

How can my organization get started?

Simply connect with us through our contact form. Our team will walk you through plan options and help tailor a program to your workforce.