1. #1
    Unregistered

    What are the Details about Severance package?

    I want to know what will be the legal implications to the payout of a Severance Package which is being laid off due to issues not related to them personally. Is there any rule of minimum payment as severance package?

  2. #2
    Param Array
    Join Date
    Sep 2012
    Posts
    298

    Re: What are the Details about Severance package?

    Dear Friend!

    When an employee is laid off, she's offered things like part of her salary and maybe even the contribution of some benefits. This is known as a severance package or agreement. Before you sign the agreement, though, you need to pay attention to its details.

    its depends on company, sometimes they offer one or two weeks of salary or sometimes they have a formula that based on your current salary and the number of years you've worked the employee.
    Thanks

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