Monday, February 2, 2009

The Layoff Payoff: A Severance Package


Some job hunters may know how to negotiate their salaries and benefits when they are hired, but may not realize that when terminated from a job, they can negotiate how they depart. Most employers offer a severance agreement that outlines the financial terms on which the employee will leave the company. Negotiating a suitable agreement involves considering how to conduct yourself during discussions with the employer, the cash and benefits you need to survive and whether to hire legal help. Negotiating this accord can ease your transition to a new job, relieve stress and possibly provide a nice financial cushion.

However, a monetary arrangement isn't the only topic to discuss during this deal. Continuation of insurance benefits, assistance finding another job and other perks can also be bargained for. Your power in this negotiation comes from the fact that companies don't want you to bad-mouth them or sue and they may not want you to work for or share secrets with their competitors.Read more...

2 comments:

Anonymous said...

Well,Layoffs are the most disastrous consequences of this era of recession.
Thanx for such wonderful insights into the issue.
Great work.

Anonymous said...

Who knows where to download XRumer 5.0 Palladium?
Help, please. All recommend this program to effectively advertise on the Internet, this is the best program!