Anyone with experience negotiating a severance package to voluntarily leave Humana?
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Let me try to clear up a few things: Severance isn’t negotiated. You get a set amount. You can get two weeks of severance for every year worked and it’s based on your current salary. The minimum you can get is four weeks severance. The maximum is 52 week. You’ll also be paid out your entire PTO balance. Benefits will continue until the last day of severance. If you find a job at another company, your severance will continue (at least that’s how it’s been administered in the past). If you find another job at Humana, your severance will end when you start that job. That’s what happens for people who are current employees, according to the regular severance policy and how it’s administered. You only get severance, however, when you sign the release agreement. Make sure you sign it and return it within the time set out in the agreement. Hope this helps. God bless and keep us all.
Not as long as you worked at Humana until they released you.
If you get another job at a different company do they stop paying severance?
2 weeks for every year worked with a maximum of 52 weeks. BUT, if you have been part of a previous RIF, subtract the weeks you have already been paid because they won’t pay you twice.
2 weeks, I think
What is the standard severance, per year worked?
Good or bad idea. They would never accept if you bring it to them. But next year they will offer it and claim it as their idea.
I’m in!
Wow, what an incredible idea tbh
No one is feeling safety these days and might as well have a bit more control of our individual trajectory
Won’t happen, you will get your PTO up to a certain amount of hours, taxed at a very high rate- that’s it