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Are companies not paying severance to laid off employees? The old norm, which seemed pretty reasonable to me, was that employees gave notice and companies paid
by bradleyjg 8y ago
Are companies not paying severance to laid off employees? The old norm, which seemed pretty reasonable to me, was that employees gave notice and companies paid severance. The walking out the door part is unpleasant, but it's the pay that's more important IMO.
- ianai 8y agoSeverance is a rarity. It’s also probably not enough. I’ve seen people get 1 or 2 weeks pay as severance.
- bradleyjg 8y agoI agree that from the employees' standpoint more is better, but should there be a connection between expected length of notice and expected amount of severance? I believe in Europe the expected notice periods are significantly longer.
- quicksilver03 8y agoIn France on a CDI (permanent contract) above a certain level the usual notice period is 3 months.
- dijit 8y agoIn Sweden it's 3 months, in the UK it's usually 1 month (although my last UK contract was 3months notice). But it swings both ways in these countries; you can't terminate someone on the spot. The employer must fulfil the notice period too (or, at least pay you for it)
- wil421 8y agoWhat size companies? Most large companies pay out severance based on tenure.
- johnminter 8y agoIn many US companies, severance increases with years of service. In the case of my former employer, as the company's balance sheet got worse, successive downsizings provided fewer benefits. There were legal protections that slowed the rate of those decreases.
- deepGem 8y agoSeverance always depends on the length of your stay at that company. Typically it's 1 week for a year of service. So yeah, good luck with that if you are anything less than 5 years into the job.
- brandmeyer 8y agoI'm not sure that there is a 'typical' for severance. I've seen people get everything from a flat 1 month, to 2 months + 2 weeks/year.
- morkfromork 8y agoTech companies sometimes demand signing a non-disparagement or other legal agreement in exchange for severance. Companies with the fake "unlimited vacation" policy give you nothing for that.