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This week on #ASKHERMIE
What should you expect in a severance package?
Are there standard items that need to be included in all severance packages?
As Hermie explains, severance packages are made up of a few necessary items (continuation of your compensation, benefits and allowances) and a few additional items that should be negotiated based on a terminated employee’s personal, professional, and financial needs.
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For additional information about how notice of termination is calculated, please checkout the following blog posts:
- Severance Packages – How Much Should I Get – this article discusses how severance packages are determined/calculated.
- Am I Entitled to My Annual Bonus – this article discusses the treatment of an employee’s bonus if the bonus payment occurs after the employee loses his/her job.