Employers may offer severance agreements to smooth the departure for terminated employees. In return for certain benefits, however, the soon-to-be former employers want important concessions. Employees can increase their bargaining power by taking certain actions to help assure a softer financial landing after a job loss.
Labor laws usually do not require any severance package or severance agreements for employees. Those who are terminated for cause or at-will or low-level employees have less opportunities for receiving severance. There are several recommendations for negotiating a better agreement, according to the AARP.
A previous post on this blog talked about how, in the professional world, severance agreements are becoming more and more common when a professional employee, like a doctor, business executive, accountant or other professional, leaves his or her place of employment.
No salaried employee in the greater Harrisburg area or, for that matter, in any other part of Pennsylvania ever wants to be called in to their office's human resources department to discuss impending "cuts" or, more specifically, the involuntary termination of their employment. Unfortunately, though, in the modern economy, losing one's job is more and more a reality that most workers will deal with at least once.