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09-11-2009, 11:02 AM
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#1
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Everywhere is walking distance if you have the time.
Join Date: Feb 2006
Posts: 2,107
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Severance Package Negotiation
Hi guys!!
I need your advice. My company will lay me off by the end of october. This will be my first lay off throughout my whole life. It will be tough for me. Anyway, I wll be getting a severance package. How do you guys negotiate the package? (Not sure if you guys ever dealt with this kind of situation)
Do I need a lawyer to negotiate? If I do need one, how do I find a good lawyer? Any lawyer in New York that you guys can recommend would be great. Please pm me the lawyer that you recommend.
I have no clue how this whole negotiation works.
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09-11-2009, 11:07 AM
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#2
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Cosmic Art Collector
Adamantium Plus Member
Join Date: Aug 2004
Posts: 9,920
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Most of your questions will require more info, such as:
1) Position (executive or regular worker bee)
2) Years with company
3) Pre-existing agreements
I don't have any experience with negotiating, but anyone helping you out would ask these basic questions.
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09-11-2009, 11:07 AM
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#3
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You Should Punch Your Face in the Face!!!
Adamantium Plus Member
Join Date: Aug 2004
Location: Boogie Down Bronx
Posts: 50,998
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I never heard of negociating a severance package... usually a severance package is up to the company to give but they are not required to give it...
__________________
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09-11-2009, 11:08 AM
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#4
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curmudgeon Mod
Super Moderator
Join Date: Aug 2004
Location: The Shire
Posts: 35,073
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I never got an opportunity to negotiate a severance package when I got laid off by ING back in Sept 2007. They had a company policy, 2 weeks for every year of employment (which came to 30 weeks for me), paid the same portion of health insurance during the 30 weeks as they did while employed, got all my vacation/sick pay. Everyone laid off got the same package.
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Snakes! Why'd it have to be snakes?
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09-11-2009, 11:08 AM
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#5
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curmudgeon Mod
Super Moderator
Join Date: Aug 2004
Location: The Shire
Posts: 35,073
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Quote:
Originally Posted by Collection King 13
I never heard of negociating a severance package... usually a severance package is up to the company to give but they are not required to give it...
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Unless at the executive level where usually contracts are involved.
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Snakes! Why'd it have to be snakes?
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09-11-2009, 11:11 AM
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#6
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Ultimates
Join Date: May 2006
Location: Philadelphia area
Posts: 9,744
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Quote:
Originally Posted by nbr3bagshotrow
Unless at the executive level where usually contracts are involved.
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Bingo! 
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09-11-2009, 11:16 AM
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#7
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Everywhere is walking distance if you have the time.
Join Date: Feb 2006
Posts: 2,107
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Quote:
Originally Posted by nbr3bagshotrow
I never got an opportunity to negotiate a severance package when I got laid off by ING back in Sept 2007. They had a company policy, 2 weeks for every year of employment (which came to 30 weeks for me), paid the same portion of health insurance during the 30 weeks as they did while employed, got all my vacation/sick pay. Everyone laid off got the same package.
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WOW! 30 weeks?
My company has a standard package of 2 weeks per year also. I read something about negotiating severance package on one website, they said "Don't take it and leave it." I dont remember which website. By negotiating, I have nothing to lose anyway.
This is really tough.
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09-11-2009, 11:17 AM
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#8
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Thunderstrike
Join Date: Aug 2004
Location: Florida
Posts: 13,433
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Quote:
Originally Posted by nbr3bagshotrow
I never got an opportunity to negotiate a severance package when I got laid off by ING back in Sept 2007. They had a company policy, 2 weeks for every year of employment (which came to 30 weeks for me), paid the same portion of health insurance during the 30 weeks as they did while employed, got all my vacation/sick pay. Everyone laid off got the same package.
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Ours use to be 2 weeks for every year but then they cut back to 1 week cause they are cheap asses.
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09-11-2009, 11:18 AM
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#9
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curmudgeon Mod
Super Moderator
Join Date: Aug 2004
Location: The Shire
Posts: 35,073
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Quote:
Originally Posted by Black Cat
Ours use to be 2 weeks for every year but then they cut back to 1 week cause they are cheap asses.
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yeah, my ex-company did that shortly after I left.
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Snakes! Why'd it have to be snakes?
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09-11-2009, 11:25 AM
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#10
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Batman
Join Date: Aug 2004
Location: New York
Posts: 20,158
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What leverage do you have to negotiate?
Gimme what I want or I'm leaving? lol
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