Mar 24 2009
Negotiating Your Severance Package – Should You?
Given that the economy is nowhere near as strong as it could be, more and more companies are looking at layoffs as an option that will help them to stay in business. No matter how great you are at your job, there is a risk of the company eliminating your position – and if that happens, it’s likely that they will offer you a severance package. What many people don’t know is that negotiating a severance package is possible.
Before you really start thinking about negotiating a severance package however, there are a couple of things to consider. The most important thing to remember is that negotiating a severance package is not about exacting your revenge on the employer that terminated your position.
But just what is negotiating a severance package about?
1.First, negotiating about the package that you are offered is something that gives you the opportunity to ask for something more realistic. If, as an example, you have worked with the same company in the same position for a number of years, you are likely to look at an offer of two months of pay differently than someone given the same offer who’d been with the company less than a year. Additionally, if your expertise is limited and it’s unlikely that a similar position will open up elsewhere, you may be able to successfully argue for pay over a longer period of time.
2.Similarly, negotiating with your employer about a severance package is a chance to make requests for fair treatment. In some cases, particularly if you only have experience with a given system and way of doing things, you may find that your past employer is willing to offer an additional stipend that will help you to get training as you look for a new job.
3.The negotiation process is about making a clear and professional case for each item that you are requesting. Because of this, it’s important to determine what the severance package contains before you try to get something more.
Ultimately, some severance packages are extremely fair; others seem to be more of a token effort than anything else. If you are laid off and aware of the opportunity to negotiate the package offered, you will want to be sure that you know what your employer is offering; in some cases, it really will be best to accept the package as it is written. However that doesn’t mean that you should just assume that you’re getting the best possible deal.
Before negotiating a severance package, make sure that you know when you must respond – your employer will give you a deadline – then read through the offer. If it seems unrealistic or grossly unfair, you may want to talk to a lawyer about your situation to ensure that you have a solid argument. When you are able to point out the flaws of the severance package as offered and to make a clear, professional case for each request that you’re making, however, you just might find that it’s possible to come away with more than initially offered.
Copyright 2009, Cecile Peterkin. All rights reserved.
22 Responses to “Negotiating Your Severance Package – Should You?”
[...] Cecile Peterkin posted a noteworthy aricle today onHere’s a small snippetGiven that the economy is nowhere near as strong as it could be, more and more companies are looking at layoffs as an option that will help them to stay in. [...]
The companies are glad to propose you essay writing and useful issue connecting with centre and you still can receive data about our terms like a free information.
Because of the expansion of scopes of the world wide web you can
get acquianted with CV writing services that can make a unique resume/CV for you.
hi there amazing topic we have going here! Climber.com reviews
Just examined the topic. Awesome job. goarticles.com
I am typically to blogging and i actually admire your content. The article has really peaks my interest. I’m going to bookmark your site and hold checking for new information.
An interesting dialogue is worth comment. I think that you must write more on this topic, it may not be a taboo subject but typically people are not sufficient to talk on such topics. To the next. Cheers
This is really interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your great post. Also, I’ve shared your site in my social networks!
Excellent post. I was checking continuously this blog and I am impressed! Very helpful info specifically the last part I care for such info much. I was looking for this particular info for a very long time. I will keep the attention of your blog. Thank you and good luck.
Lots of thanks for posting this, I’ve been researching this on google. I’ve been comparing opinions from many persons, rather than an biased news web page, that’s why I like blogs so much. Many thanks!
I’m still learning from you, as I’m making my way to the top as well. I certainly liked reading all that is posted on your blog.Keep the aarticles coming. I enjoyed it!
Well, that is my very first visit on your weblog! Were a group of volunteers and beginning a model new initiative in a group inside the same niche. Your weblog supplied us helpful data to work on. You might have carried out a marvellous job! Anyway, in my language, there are not much good supply like this.
I am continually searching online for tips that can benefit me. Thx!
You present a provocative argument! Good job with this blog post
Very well written article. It will be valuable to anyone who employess it, including yours truly
. Keep doing what you are doing – i will definitely read more posts.
I like Your Article about Career & Life Coaching » Negotiating Your Severance Package – Should You? Perfect just what I was searching for! .
Thankyou for sharing Career & Life Coaching » Negotiating Your Severance Package – Should You? with us keep update bro love your article about Career & Life Coaching » Negotiating Your Severance Package – Should You? .
It only goes to show where theres will theres a way. Keep on trying. – There is always room at the top. Daniel Webster 1782-1852: on being advised against joining the overcrowded legal profession (attributed)
Very good written post. It will be helpful to everyone who usess it, including myself. Keep doing what you are doing – looking forward to more posts.
I was impressed with the way you expressed your thoughts about Career & Life Coaching » Negotiating Your Severance Package – Should You?. I can not belive that somebody can write an amazing story like thet about I love Career & Life Coaching » Negotiating Your Severance Package – Should You?.
Howdy, Needed to ask you some thing. Is this site a wordpress web site? I am thinking of switching my web site from Blogger to wordpress, do you think this is feasible? In addition did you create this template by yourself some how? Thank you for the help!
Yes, the site is wordpress.