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Severance Pay Basics

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....

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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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If I Ask for More Severance, Will I Lose the Company’s Original Offer?

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...