What should I ask for in my severance pay negotiation?
You should consider asking for a few key components: the amount of severance pay, continuation of health benefits, and any unused vacation pay.
How do I determine the right amount of severance pay to ask for?
A common formula is to ask for one to two weeks of pay for every year of service. Consider your role and industry standards.
Should I negotiate for outplacement services?
Yes, outplacement services can help you transition to a new job. It's a valuable benefit to include in your negotiation.
What if my employer refuses to negotiate?
If they refuse, you can ask for a written explanation and consider seeking legal advice to understand your rights.
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