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In the US, you are legally obliged to nothing more than the right to quit freely, and the right to be fired freely. Though ‘Severance Packages’ are very common
by alchemism 7y ago
In the US, you are legally obliged to nothing more than the right to quit freely, and the right to be fired freely.
Though ‘Severance Packages’ are very common for skilled/high-salaried employees, where you receive a payout of x weeks or months, negotiable but usually based on length of employment. This is done in part so the employer does not get a bad reputation in the market for skilled/high-salary talent. For a startup, let’s say that maybe 1-2 months of ‘severance’ would be perceived as Very Generous to its Employees.
- bigred100 7y agoThat seems odd. I worked at a pretty bad (in terms of salary, working conditions) large tech firm and got 6 weeks severance.
- alchemism 7y agoThe key phrase is “perceived as being generous” by doing so. All the better if the firm’s reputation would be poor otherwise. Nothing keeps a Glassdoor profile cleaner than paying departing employees well, attached to a gag-rule barring them from disparaging comments.