Negotiating Your Severance Package
In most cases, it is safe to assume that a party’s first offer is not its best offer. Negotiating your severance package is often necessary to ensure you are getting …
What is the Difference Between Severance Pay and Termination Pay?
As an employee, if you are terminated without cause, you are owed termination pay and maybe owed severance pay, pursuant to the Employment Standards Act, 2000 (“ESA”). Oftentimes, termination pay …
Unfair Severance Offers Can be Risky Business for Employers
SPECIAL TO THE GLOBE AND MAIL My recent column on severance packages garnered more interest than others I’ve authored. One comment, from a management-side labour relations advocate, caught my attention. The writer …
How Do You Know if Your Severance Package is Fair?
Daniel Lublin, Special to The Globe and Mail The biggest mistake that any recently dismissed employee can make is to automatically assume that their severance package is fair. Over 90 …
When Are Defined Severance Terms Unfair?
DANIEL LUBLIN SPECIAL TO THE GLOBE AND MAIL It is hard to win a game when you start with a disadvantage. Yet when signing employment contracts, employees constantly set themselves …
Important Additions in a Severance Package
The purpose of a severance package is to make a terminated employee “whole” over a reasonable period of time. Very commonly, severance packages include only base salary, neglecting other elements …
Q&A: Is it wise to compare a severance package to a colleague’s?
Comparing Severance Packages In the event of mass termination, most often employees will discuss their severance packages and compare them to those of their colleagues. Although, gossiping about your colleagues …
How to Handle a Severance Negotiation
Many laid off employees want to know if they should accept their employer’s offer of severance or if they can negotiate for more. As with most things in life, severance …
How do I tell if my severance is fair?
I was terminated without cause from my job recently after working there for three years. The company said it was a business decision. They have given me three weeks termination pay and my benefits until this month. If I agree to sign a “full and final release and indemnity” form they are offering one additional week of termination pay and an additional week of benefits. Is this fair or should I ask for more?
The ins and outs of job severance
Most employees cling to beliefs about workplace rights from media, friends or the Internet. But many of these “perceived” rights often do not exist. Here are some common misconceptions regarding severance and the law of dismissal.