Search results
Results From The WOW.Com Content Network
Packages are most typically offered for employees who are laid off or retire. Severance pay was instituted to help protect the newly unemployed. Sometimes, they may be offered for those who either resign, regardless of the circumstances, or are fired. Policies for severance packages are often found in a company's employee handbook.
To help dull the pain of a layoff, many employers offer severance packages to workers. There’s often no legal requirement for companies to offer these parting gifts, but they serve a couple of ...
Losing your job can be a punch in the gut, both emotionally and financially. You may see it coming if your company is experiencing hard times, or you may be completely blindsided. Sometimes ...
“Research your industry’s standards regarding severance packages and be realistic about what you are asking for,” Mercer said. “Remember the goal is to reach an agreement that is fair and ...
Severance pay is not mandatory; however, employers usually offer severance package as a gesture of goodwill and competitive advantage. Severance pay is paid, if any, based on employee’s years of service and contribution to the company. It may also include continuation of benefits and other perks (health insurance, outplacement assistant, etc.).
Don't get mad, get severance! Who isn't upset when they hear the news that they're being laid off? Instead of getting angry and storming out, or going quietly into the good night, the best thing ...
LM Ericsson implemented a VR programme in the spring of 2006. It offered the programme to 17,000 employees in Sweden between the ages of 35 and 50. Those who voluntarily left were given between 12 and 16 months of severance, 50,000 kronor, and a course in entrepreneurship coupled with job placement services.
If you receive severance pay from a former employer, you may actually end up in a pretty good place financially. Many severance packages pay 50% to 100% of wages for a specified time period, and if...