Getting laid off from your company can be the biggest shock of your life. You might have some dreams attached to your job such as getting a new home, getting married or getting promoted to a higher position in the company. Many people are confused about how to negotiate a severance agreement guide so that they can receive what they deserve. It is highly recommended to follow the right steps if you want to leave the company on a positive note. Some of the steps that you can take have been elaborated on below:
What to do if you have been asked to leave the company?
You must follow a few steps to make it a good experience. Some of them have been elaborated on below:
Meet with the human resource department of the company
After you have been notified of the termination, you should get in touch with the HR department to discuss the termination. During this meeting, they can elaborate on the reasons why they have chosen you for laying off. You should take notes of these points and negotiate on them later on. Moreover, if you need to sign a severance agreement, you can let them know that you want to review it beforehand. Generally, employees have about 21 days of time to review the agreement.
Get in touch with an employment lawyer
You may not understand certain terms and conditions of the agreement. You must get in touch with an employment lawyer, who can review the agreement and ensure that you are getting everything fairly without any problem. Since he is familiar with the state laws, he can check whether the agreement has been drafted by keeping in view all the employee rights.
Negotiating with the company
It has been observed that the employee can negotiate his severance agreement with the company on various factors such as severance pay. In most cases, the employee is entitled to receive pay for a week or two. It depends on your company how much time they consider for this pay. However, you have the right to compensate for the termination.
Determining whether to accept the terms of the agreement
After getting it reviewed by the attorney, you must discuss with him whether you should accept the terms and pay they are offering. If he finds it genuine, you can sign it. Otherwise, the lawyer can give you some options.
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