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Severance Pay Basics

Losing a job, especially when unexpected, is a nightmare for most employees. Worrying about finding another job, paying bills, and covering health insurance premiums between jobs stresses any employee who has been terminated or laid off. Fortunately, you can reduce these fears by educating yourself on severance pay basics long before the need arises. Arm...

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5 Ways to Improve Your Severance Package

Two of the most common questions we are asked are “how do I improve my severance agreement?” and “how do I obtain severance?” While every situation is different and there is no simple answer, we have outlined below five of the steps we undertake in a severance negotiation. While you execute this plan, make sure...

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Understanding A Severance Package

Employers are not required to offer severance payments to employees they lay off or terminate, unless there is a specific employment contract or company policy requiring the payments. Since most employees are “at will,” the employment relationship can be ended by the employer or the employee for any reason except an illegal reason. Why then...