3 ms·
> Offering less than two weeks severance pay is outside the norm, as is offering more than eight weeks. Is this a norm for startups? The norm for BigCorp is t
by biztos 7y ago
> Offering less than two weeks severance pay is outside the norm, as is offering more than eight weeks.
Is this a norm for startups?
The norm for BigCorp is to have your tenure-based severance actually map directly to tenure, so if someone worked for you for 10 years she gets 5x what someone who worked for two years gets.
(Granted there might be a baseline, like $M + $N * $YEARS.)
And that's just talking about the US, but the article definitely implied they're talking about the US and in particular California. If your startup is domiciled in, say, France, you probably don't have a choice.