We all know the bank changed the severance package last year. But I’m hearing from long time employees that you’re able to negotiate a longer severance.
Is any of that true?
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Negotiation is only for people who actually have leverage. Most employees have no leverage in a severance discussion if the employer has decided to terminate as part of a layoff. It's not impossible to have some leverage, but it's extremely rare. C'est la vie.
I suppose anything is possible. As a recently laid off employee I can tell you I did not get the vibe it was a negotiation. It was a “here’s what it is. Here’s a document from legal to sign” type deal. But if you can get more good for you. I would say there’s no harm in trying. What will the do, lay you off again?
This is false. I was impacted recently and there is no negotiation. You get a packet with details and that’s that.
Many will say no, but it’s those same people when hired who said yes to the initial salary offer and took the recruiters word when they said “this is a hard offer.”
I got hired in 2010, the initial offer was $11.50 an hour (call center job), I asked for $13.00, the recruiter flat out said “no, this is a hard offer, yes or no.” So I said no, unless I’m offered $13.00, 2 days later he calls me back and says “after careful consideration and re-review, your starting pay will be $13.25 if you accept right now” so I did.
That said, I think you can negotiate a higher severance (maybe 10-12 months) if you fall around the 26 week payout.
The ability to negotiate depends on your amount of leverage. The average employee does not have much leverage to negotiate. The only instance I know of was with an individual that should not have been laid off. Essentially the organization made a bad call and realized it after the fact.
You need to ask yourself what the company gains by giving you more severance.
Saying there’s no negotiation in your severance is the same mindset as saying there’s no negotiating in your salary when hired.
A combination of factors to consider: legal, fmla, tenure, age, complaints, ER retaliation, ethics, performance, job position.
How you approach and who you approach is key.
I’ve actually heard the same from other tenured employees (25-30years), if it’s true, this would be good to know in the event it happens to anyone else.
Only if you have evidence of Morön living his closeted lifestyle in photos.
Not a chance in he-l