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1 month for each year served? That is common? I've heard 1 week per year is common. I have been with my company for almost 10 years. You're not really sugge
by softawre 10y ago
1 month for each year served? That is common?
I've heard 1 week per year is common.
I have been with my company for almost 10 years. You're not really suggesting they'd pay me almost a year if they laid me off.
- camiller 10y agoUsually there is a cap, my first lay-off I'd been with the company for 17 years. The severance policy was 1 month per year served, capped at 6-months. With six-months pay coming I actually turned down the first offer I got, Still ended up accepting an offer at about the two month mark and ended up with near four months overlap.
- lucozade 10y agoIn the UK that's (more or less) the minimum plus or minus caps. It's not uncommon to get offered higher, month per year for example, in return for signing a waver. Edit. I'm not suggesting that you'll get paid for 10 months. I have no idea what your company policy is. However, I received a year's salary with the first 30k or so tax free. So it may not surprise you that I was happy to sign the waver.