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Advice on negotiating a severance when I resign voluntarily...
Posted on 4/21/14 at 4:26 pm
Posted on 4/21/14 at 4:26 pm
I asked on the OT but probably should have asked here.
I want to resign but Im leaving the job in much better shape than when I found it. What advice would you give on asking and negotiation a severance?
How many weeks in customary?
Thanks very much!
I want to resign but Im leaving the job in much better shape than when I found it. What advice would you give on asking and negotiation a severance?
How many weeks in customary?
Thanks very much!
8
Posted on 4/21/14 at 4:27 pm to Robin Masters
Severance for resigning? I don't know if that is customary...
Posted on 4/21/14 at 4:29 pm to Robin Masters
quote:
Advice on negotiating a severance when I resign voluntarily...
LOL Wut?
I have never heard of this being customary.
Depending on your role, you will be lucky if they allow you to work out your last two weeks and not just say thanks, but no thanks...
Posted on 4/21/14 at 4:34 pm to Lsut81
quote:
I have never heard of this being customary.
Oh, I dont know that it is. Was asking what amount is customary if in fact it does occur.
I'm in outside sales and my boss lives several states away. It would be possible for me to quit working and be collecting 6 mo of pay before they actually fired me if I wanted.
Posted on 4/21/14 at 4:35 pm to Robin Masters
quote:
It would be possible for me to quit working and be collecting 6 mo of pay before they actually fired me if I wanted.
May be a better route.
Posted on 4/21/14 at 4:37 pm to Lsut81
quote:
May be a better route.
Im considering it.
Posted on 4/21/14 at 4:39 pm to Robin Masters
quote:
How many weeks in customary?
depending on your position, it is customary to offer a two week notice in order to help train your replacement
quote:
What advice would you give on asking and negotiation a severance?
My advice- don't ask for anything but a favorable recomendation to your next employer
Posted on 4/21/14 at 4:43 pm to poule deau
quote:
My advice- don't ask for anything but a favorable recomendation to your next employer
I'm already hired.
Posted on 4/21/14 at 4:47 pm to Robin Masters
What we typically do with our managers is the following: the employee puts in their 2-weeks notice, we terminate their employment immediately and pay them their full wages for two weeks. The employee gets a full two week paycheck on schedule and they do not have to work.
This post was edited on 4/21/14 at 4:49 pm
Posted on 4/21/14 at 4:52 pm to Robin Masters
quote:
I'm already hired.
Still, no need to risk burning the bridge.
If someone quit on me and then asked for severance pay, this would probably overshadow a lot of good job performance.
It's just bad form.
Posted on 4/21/14 at 5:10 pm to Robin Masters
My father recently voluntarily resigned from his job for another venture. The company he was with gave him 1 month pay with backpay for any unused vacation he had and 2 months insurance. That was the first time I had heard of a severance package for resigning and even he was surprised to hear it when they offered it.
Posted on 4/21/14 at 5:13 pm to Lsut81
I'd laugh at you if you asked for that....you are quitting, why would I want to give you anymore money? The only way I would do that is if this is some sort of sales position, and there was a possibility of you taking some customers, then the only way you would get anything would be by signing a no compete clause.
As far as vacation....if you have earned the vacation, I think they have to pay you for it.
As far as vacation....if you have earned the vacation, I think they have to pay you for it.
This post was edited on 4/21/14 at 5:15 pm
Posted on 4/21/14 at 5:36 pm to Kingwood Tiger
quote:
As far as vacation....if you have earned the vacation, I think they have to pay you for it.
This depends on the state, in LA the employer is not obligated to pay for unused vacation. I believe like only 5-6 states force the employer to pay.
To the OP, the best I ever got was a payout for unused vacation (in LA), but I also agreed to stay an extra 2 weeks longer. I wouldn't ask for anything but a good word.
Posted on 4/21/14 at 5:49 pm to ZereauxSum
The Law Offices of OT & MB, LLP, where our motto is "you get what you pay for."
Posted on 4/21/14 at 6:09 pm to ZereauxSum
Everything I have read regarding previous court cases state that if the vacation is accrued and not gifted and you give proper notice of termination, that the company is obligated to pay earned unused vacation
Posted on 4/21/14 at 6:11 pm to Robin Masters
quote:
I'm in outside sales
not sure how you get paid, but your best bet is to negotiate commission for any deals that are on the books but haven't invoiced yet, or ones that haven't been collected if you're paid with the company is paid. If you're going to a competitor, that's probably out the window as well. Otherwise I can't imagine someone giving you a severance when you're the one leaving.
Posted on 4/21/14 at 6:39 pm to ForeLSU
Make them lay you off
Posted on 4/21/14 at 6:41 pm to reb13
There is no such thing as severance in sales unless the company is laying off or folding. Good luck with the 2 week notice as well. In sales, you'll be lucky to work through the end of the day you let them know you're leaving,
Posted on 4/21/14 at 6:43 pm to reb13
I would split the difference. If they won't notice for 6 months, work for say 3 months, inform them of two weeks and leave on a good note with 3 months salary.
Have your cake and eat it too bro
Have your cake and eat it too bro
Posted on 4/21/14 at 7:05 pm to Robin Masters
quote:
How many weeks in customary?
It's not customary ever.
Let's put it this way. You're much more likely to get a "don't let the door hit you on the arse on the way out" than you are to get severance.
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