What are my rights regarding severance pay?

What are my rights regarding severance pay?

Severance pay is compensation provided to employees upon termination. Your rights can depend on your contract and local laws.

How is severance pay calculated?

Severance pay is often calculated based on your length of service, salary, and company policy. Typically, it's one or two weeks' pay for each year worked.

Are there any circumstances where I wouldn't receive severance pay?

Yes, if you were terminated for cause, such as misconduct, or if you voluntarily resigned, you may not be entitled to severance pay.

Can I negotiate my severance package?

Absolutely! It's often possible to negotiate your severance package, especially if you have been a long-term employee or if the company is downsizing.

What should I do if I think my severance pay is unfair?

If you believe your severance pay is unfair, you can consult with an employment lawyer or your HR department to discuss your concerns.