Loss Of Severance Benefit

The concept of Severance Pay and/or package is solely discretionary and depends upon the Policy of the company. It purely depends upon the mutual relations of the employer and employee. There could not be interference of the legal process. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

Hi, Severance pay is the compensation and/or benefits an employer provides to an employee after employment is over. Severance packages may include extended benefits, such as health insurance and outplacement assistance to help an employee secure a new position. The severance pay offered is typically one to two weeks for every year worked, but can be more. If the job loss will create an economic hardship, discuss this with your (former) employer. The general practice is to try to get four weeks of severance pay for each year worked. Middle managers and executives usually receive a higher amount. Some executives, for example, may receive pay for more than a year. If you find this answer helpful, please rate us.