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Severance package


A severance package is pay and benefits an employee receives when he or she leaves employment at a company. In addition to the employee's remaining ...

Severance: Why do employers offer severance packages and what ...


Dec 11, 2012 ... Some employers choose to offer severance pay to employees who are terminated, either involuntarily or voluntarily. The primary reasons for ...

Severance Pay Laws: Does It Make Sense to Offer Severance Pay ...


In a majority of situations, severance pay laws do not require employers to offer severance packages to terminated employees -- but it could make sense to do it.

Why an Employer Might Want to Provide Severance Pay


Normal circumstances that can warrant severance pay include layoffs, job elimination, and mutual agreement to part ways, for whatever reason. Severance pay ...

For example, it could be a week's pay for every year or service or a flat amount based on six weeks pay, or any other amount determined by the employer. There is no requirement in the Fair Labor Standards Act (FLSA ) for severance pay. Caitlyn was paid a week's salary... More »
By Alison Doyle, About.com Guide

Should You Offer Severance Pay? | Nolo.com


Some employers assume that they have to offer a severance package -- some combination of money and continuing benefits -- to fired employees. In many ...

Why Severance? — Evil HR Lady


Apr 13, 2007 ... Companies pay severance because it's cheaper than being sued for ... Another reason for severance is to compensate for non-compete ...

3 Severance Pay Questions Every Employee Should Ask - US News


May 8, 2012 ... Due to the growing number of layoffs that have occurred at companies nationwide over the last few years, severance pay is a hot topic.

What To Do When You Have Been Offered A Severance Package ...


A severance package is pay and benefits that an employee is offered when they ... According to one recent survey, the number one reason is to avoid a future ...

Severance Pay - Does my employer have pay it?


There is generally no requirement that severance or termination pay be given ... such pay or unless there is another specific reason a severance package would ...

Popular Q&A
Q: How to Collect Severance Pay.
A: 1. Understand the law. There is nothing in the law that says an employer must offer severance pay to employees who they lay off or fire. It is entirely up to th... Read More »
Source: www.ehow.com
Q: How to Calculate Severance Pay by Years.
A: Many companies base severance pay on the number of years of service you have with the company. In such cases, the company will commonly use a fixed figure that ... Read More »
Source: www.ehow.com
Q: What are the consequences for an employer not paying severance?
A: To the best of my knowledge, without an an employment agreement addressing such issues, employment is on an "at will" basis, which means that employment can be ... Read More »
Source: www.quora.com
Q: What is severance pay?
A: n. A sum of money usually based on length of employment for which an employee is eligible upon termination. Read More »
Source: www.answers.com
Q: What is reasonable pay for a technical intern?
A: I interned as an iOS developer at a fairly large and very well funded startup (around 80 employees when I was there). I got $30/hr for my work there. If the sta... Read More »
Source: www.quora.com