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the availability of similar employment, having regard to the experience, training and qualifications of the servant (the likelihood of getting a similar job in the future). There is a severance pay calculator based on common law "Bardal Factors" that predicts the amount of severance pay owed as determined by the court. [18]
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.).
A sunshine list is a listing of salary, benefit and severance information. [1] Its colloquial name refers to the goal of illuminating government expenditures. [2] In Canada, the list is commonly used for example by provincial or municipal governments to identify any publicly employed person making CA$100,000 salary or higher. [3]
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 ...
A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [2] for business reasons, such as personnel management or downsizing an organization.
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The Augusta Commission OK'd $70,000 severance package for former Deputy Tax Commissioner Tederell “Chris” Johnson, talked of auditing mayor's office.
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. [1]