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In a recent discussion, someone looking into a VP role said he was pushing for 6 months. Someone else pointed out that some wage laws dictate a specific amount
by pyre 10y ago
In a recent discussion, someone looking into a VP role said he was pushing for 6 months.
Someone else pointed out that some wage laws dictate a specific amount of severance that usually depends on the amount of time that you work there. Most companies go above this though (e.g. the law says 1 week severance per year at the company, but some large companies peg that at 1 month/year instead). If you negotiate for a hard number of 6 months, and you end up working for the company for (e.g.) 10 years, you could be leaving 4 months of severance on the table.
- triplesec 10y agoOne would hope that after 10 years they'd been promoted and renegotiated contracts