Understanding a Severance Package 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. [...]
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 [...]
Getting laid off from your job can be an emotionally distressing time for most people. The executives on this list, however, probably celebrated.
Laid-off employees are often worried that their former employer will retract the original offer if they ask for increased severance or better terms. While it is technically possible that the company could withdraw the offer, it rarely, if ever, happens. A few have ultimately refused to negotiate, but virtually all have extended the time period for [...]
Some people think employment lawyers spend their days filing lawsuits. The reality is a [...]