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Severance Packages Being Cut

Published on October 28, 2008

Business Week has an article entitled "Now Severance Packages Are On The Chopping Block" here.  One lawyer quoted in the article refers to severance pay as a "gift."  That is fairly accurate because severance pay is -- in almost all states -- a function of what the employer is willing to pay.  In most cases, severance pay is a matter of contract between the employer and employee.  In exchange for the severance pay, the employer usually obtains a general release of all claims that the employe...

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Severance Pay Practices Vary Widely

Published on May 19, 2008

A survey conducted by the Society for Human Resouce Management (SHRM), reported in the most recent issue of HR Magazine, shows that severance pay practices vary widely among employers.  (more…)

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