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Message
Question about layoffs/severence pay
Posted on 9/14/15 at 6:11 pm
Posted on 9/14/15 at 6:11 pm
I work for an oil company and low prices are finally catching up with us. The CEO just announced today a voluntary retirement incentive plan, and after that, anticipated layoffs.
I've only been working here a little over a year after getting out of grad school. I like to think I'm not on the chopping block but anything could happen. If I were to get laid off and offered a severence package, should I accept it immediately, or try to negotiate it on the spot, or not accept and try to negotiate later?
Would not expect a good package since I'm fairly early career.
I've only been working here a little over a year after getting out of grad school. I like to think I'm not on the chopping block but anything could happen. If I were to get laid off and offered a severence package, should I accept it immediately, or try to negotiate it on the spot, or not accept and try to negotiate later?
Would not expect a good package since I'm fairly early career.
12
Posted on 9/14/15 at 6:30 pm to TheIndulger
What position are you in to negotiate?
This post was edited on 9/14/15 at 6:59 pm
Posted on 9/14/15 at 6:39 pm to TheIndulger
quote:
If I were to get laid off and offered a severence package, should I accept it immediately, or try to negotiate it on the spot, or not accept and try to negotiate later?
What would you be negotiating? They already basically said they don't want to pay the person.
This post was edited on 9/14/15 at 6:40 pm
Posted on 9/14/15 at 6:59 pm to TheIndulger
You have one year of experience, you are most certainly on the chopping block. They can probably hire someone with 15yrs experience doing what you do for less than they are paying you now.
Negotiate severance? Really? What leverage do you have to do so?
Negotiate severance? Really? What leverage do you have to do so?
Posted on 9/14/15 at 7:39 pm to TheIndulger
Negotiate severance? 
. They don't owe you anything.
Not only that but, New hires and old timers are usually first ones on the chopping block. At 1 year, you're lucky to even get a severance.
. They don't owe you anything. Not only that but, New hires and old timers are usually first ones on the chopping block. At 1 year, you're lucky to even get a severance.
This post was edited on 9/14/15 at 7:42 pm
Posted on 9/14/15 at 7:45 pm to TheIndulger
My company did a layoff mid-summer (oil/gas also), and they excluded persons under 12 mo. experience. You never know. Just keep working hard.
And for the severance, I would expect no negotiating power whatsoever.
And for the severance, I would expect no negotiating power whatsoever.
This post was edited on 9/14/15 at 7:47 pm
Posted on 9/14/15 at 7:52 pm to abitabrewed4LSU
Ok,thanks, this is what I figured
Posted on 9/14/15 at 7:55 pm to 8thyearsenior
quote:
They can probably hire someone with 15yrs experience doing what you do for less than they are paying you now.
Senior engineers aren't going to take a new job for a >50% pay cut. But I am very easily replaceable, yes.
Posted on 9/14/15 at 8:04 pm to TheIndulger
quote:
Ok,thanks, this is what I figured
That's not a universal policy by any means. Layoffs are a cost cutting measure, so usually new out of school hires are on the cheap side of labor but they are almost also always not essential personnel. Just depends on the direction management is taking with their layoffs.
Posted on 9/15/15 at 10:02 am to TheIndulger
quote:
try to negotiate it on the spot, or not accept and try to negotiate later?
negotiate on the spot. frick the haters here, you might not have any leverage but give it a shot.
Did you move for this position? Did you turn down other offers? Did you have multiple bosses? Did you get re-orgd or have other stress?
Use these as bargaining chips. Depending on where the company is, they can work. I have seen them work.
Google it, there are sites that will tell you how to do it. And don't fricking sign until you at least attempt a negotiation.
Posted on 9/15/15 at 11:06 am to Hawkeye95
Yes I moved, yes I turned down two other offers, part of the reasons why it would really suck to get laid off. No re-org stress or anything. I'll google it, thanks. Was just wondering what happens if you walk out without signing anything.
Posted on 9/15/15 at 11:32 am to TheIndulger
quote:
Senior engineers aren't going to take a new job for a >50% pay cut. But I am very easily replaceable, yes.
Right, but your piddling little salary is more than what they are making sitting on the couch jerking off and watching netflix. 1st year salary > no salary...and they will get a lot more from the senior guy.
Posted on 9/15/15 at 12:13 pm to TheIndulger
quote:
Senior engineers aren't going to take a new job for a >50% pay cut.
Yeah they will
They may not keep it when things pick back up, but when you start looking for a new entry level job, you may be surprised at your competition.
Posted on 9/15/15 at 12:15 pm to TheIndulger
quote:
Yes I moved, yes I turned down two other offers, part of the reasons why it would really suck to get laid off. No re-org stress or anything. I'll google it, thanks. Was just wondering what happens if you walk out without signing anything.
HR gets pissy. You have a good case. They don't want to get bad reviews on various job hunting sites.
Posted on 9/15/15 at 12:30 pm to TheIndulger
quote:
If I were to get laid off and offered a severance package, should I accept it immediately, or try to negotiate it on the spot, or not accept and try to negotiate later?
WTF is wrong with this generation.
Posted on 9/15/15 at 12:33 pm to Hawkeye95
quote:
Google it, there are sites that will tell you how to do it. And don't fricking sign until you at least attempt a negotiation.
If you are a senior person being forced out, sure. Not for a kid a year out of school in a group layoff.
Posted on 9/15/15 at 12:38 pm to TheIndulger
The only leverage you have is the potential to talk bad about your company. Some companies will have an enhanced severance package if you agree to not publically bash the company and not sue them for wrongful termination. But if they don't come up with that package on their own, I doubt it's something you can negotiate.
Posted on 9/15/15 at 12:39 pm to barry
quote:
If you are a senior person being forced out, sure. Not for a kid a year out of school in a group layoff.
what is the downside of attempting to negotiate?
Posted on 9/15/15 at 12:44 pm to Hawkeye95
quote:
what is the downside of attempting to negotiate?
There is no downside to asking the lady at the grocery store if i can get a discount on my Cheerios, but i don't do it.
Posted on 9/15/15 at 1:01 pm to barry
delete
This post was edited on 9/15/15 at 1:03 pm
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