Has anyone actually seen 1st hand what the severance for managers is? Lots of different things being discussed on here but nothing concrete.....
5 replies (most recent on top)
So what do you do during your 60 days of pay. If you were displaced do you go back to your club at all? How do you apply for a new position?
I was an APM...i was told today that I no longer have a position within the company and that they do not have a position to offer me... So I am displaced... I get 60 days of pay... And then after that I'm eligible to receive my severance package for my years of service... I am eligible to find another position within the company
It is 2 weeks for every year as a salaried manager. Also, a week for every $20000 base pay.
Hourly is one week for every year.
I was just laid off. It’s based on a lot of things. Mine was 15k w six years of service
Severance will depend on years of service. I have heard that some of the long term managers are receiving the equivalent to one year salary. But I've also heard severance is taxed the same as a bonus. So it may not and up being that much.
But again, this is just all info that's been passed on through several people. It could be inaccurate.