Negotiating Your Severance Package - Should You?

Given that the economy is nowhere near asrequests for fair treatment. In some cases,
strong as it could be, more and more companiesparticularly if you only have experience with a
are looking at layoffs as an option that will helpgiven system and way of doing things, you may
them to stay in business. No matter how greatfind that your past employer is willing to offer an
you are at your job, there is a risk of theadditional stipend that will help you to get training
company eliminating your position - and if thatas you look for a new job.
happens, it's likely that they will offer you a3. The negotiation process is about making a clear
severance package. What many people don'tand professional case for each item that you are
know is that negotiating a severance package isrequesting. Because of this, it's important to
possible.determine what the severance package contains
Before you really start thinking about negotiatingbefore you try to get something more.
a severance package however, there are aUltimately, some severance packages are
couple of things to consider. The most importantextremely fair; others seem to be more of a
thing to remember is that negotiating a severancetoken effort than anything else. If you are laid off
package is not about exacting your revenge onand aware of the opportunity to negotiate the
the employer that terminated your position.package offered, you will want to be sure that
But just what is negotiating a severance packageyou know what your employer is offering; in
about?some cases, it really will be best to accept the
1. First, negotiating about the package that youpackage as it is written. However that doesn't
are offered is something that gives you themean that you should just assume that you're
opportunity to ask for something more realistic. If,getting the best possible deal.
as an example, you have worked with the sameBefore negotiating a severance package, make
company in the same position for a number ofsure that you know when you must respond -
years, you are likely to look at an offer of twoyour employer will give you a deadline - then read
months of pay differently than someone giventhrough the offer. If it seems unrealistic or grossly
the same offer who'd been with the companyunfair, you may want to talk to a lawyer about
less than a year. Additionally, if your expertise isyour situation to ensure that you have a solid
limited and it's unlikely that a similar position willargument. When you are able to point out the
open up elsewhere, you may be able toflaws of the severance package as offered and
successfully argue for pay over a longer period ofto make a clear, professional case for each
time.request that you're making, however, you just
2. Similarly, negotiating with your employer aboutmight find that it's possible to come away with
a severance package is a chance to makemore than initially offered.