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Posted on 12/22/16 at 9:19 am to OWLFAN86
This sounds.like the brainchild of the stupid tipper movement
I paid the employee for the service, and I paid them well. Now I am expected to tip at the end after I got everything I wanted? Sheesh
I paid the employee for the service, and I paid them well. Now I am expected to tip at the end after I got everything I wanted? Sheesh
Posted on 12/22/16 at 9:20 am to Rouge
Contrary to the tone of this thread, quality talented people are hard to find.
If a company has a history of NOT paying a decent severance, good people will jump ship quickly when times are tough and rumors of layoffs start - since they feel compelled to look out for themselves and minimize risk.
The comfort that losing your job (through no true fault of your own) comes with a cushion encourages people to stick around through questionable times.
If a company has a history of NOT paying a decent severance, good people will jump ship quickly when times are tough and rumors of layoffs start - since they feel compelled to look out for themselves and minimize risk.
The comfort that losing your job (through no true fault of your own) comes with a cushion encourages people to stick around through questionable times.
Posted on 12/22/16 at 9:22 am to Rouge
Are you asking why employers pay severance? Usually it's because the employer is terminating a contract and it's part of the contract.
Posted on 12/22/16 at 9:23 am to Rouge
Hahahahahaha. Because severance pay can be huge. I knew a guy who made innthe 250k+ range and had no desire to retire. The company couldn't reduce his salary and was t looking forward to paying him that for the next 10 years. So his severance package was close to a million bucks.
Posted on 12/22/16 at 9:25 am to Rouge
quote:
Now I am expected to tip at the end after I got everything I wanted? Sheesh
If you are ok with them leaving without signing a confidentiality or a non-compete clause, then go ahead and let them go. If not then I hope you didn't let them anywhere close to your biggest clients, or have them working on anything that's not patented. Pretty standard issue thing most places I've worked. I've sat in when the severance was offered at the conclusion of the necessary paperwork being signed. 10 weeks of pay is much cheaper than a project or client lost in my industry though.
Posted on 12/22/16 at 9:28 am to jamboybarry
quote:
In a professional setting, if the person is let go for no fault of their own it is the right and responsible thing to do.
While I agree with your point, you're seldom let go for a reason that was out of your control. Usually you're let go because you're not as valuable as the guy they're keeping, but the severance helps you come to grips with it more peacefully.
Posted on 12/22/16 at 9:41 am to Rouge
I was laid off following 18 years of service with a former employer. Received 1 year of full pay severance. Was fully vested in pension program. A few years later they approached me offering a lump sum payment of pension benefits.
Didn't expect either but gladly accepted both.
Didn't expect either but gladly accepted both.
Posted on 12/22/16 at 9:43 am to Rouge
quote:
I paid the employee for the service, and I paid them well. Now I am expected to tip at the end after I got everything I wanted? Sheesh
So start a business and do it your way.
Posted on 12/22/16 at 9:47 am to AwesomeSauce
quote:biggest hoodwink in labor market
non-compete clause
Extremely difficult to enforce, and more difficult to prove breach
Posted on 12/22/16 at 9:48 am to Rouge
I got a 70k severance leaving the military...
Posted on 12/22/16 at 9:52 am to momentoftruth87
The military is in no way indicative of the civilian work force, but thank you for your comment.
This post was edited on 12/22/16 at 9:52 am
Posted on 12/22/16 at 9:56 am to Rouge
quote:
biggest hoodwink in labor market
Extremely difficult to enforce, and more difficult to prove breach
No argument here, but if a former employee is looking to quickly re-enter the labor force there is a good chance this clause can keep them from a direct competitor in the short term, which as a business is worth the severance money. If my new guy can get a month or two to keep a client I like my chances much better than my competitor swooping in and taking the former employee during the changeover period.
Posted on 12/22/16 at 10:11 am to Rouge
I'm like 90% sure where I work we don't have severance if you're laid off, but at the same time I haven't been here to see any layoffs. I've only seen people get fired.
I know when our company (media conglomerate) recently bought another firm we were offered an opportunity to willing leave and receive a month salary and then another month's salary for every year you were with the company. Nobody did it that I know of, but I thought that was random. It was my first time being present during an acquisition though.
If I was laid-off I wouldn't really expect severance, but I sure as hell would take it.
I know when our company (media conglomerate) recently bought another firm we were offered an opportunity to willing leave and receive a month salary and then another month's salary for every year you were with the company. Nobody did it that I know of, but I thought that was random. It was my first time being present during an acquisition though.
If I was laid-off I wouldn't really expect severance, but I sure as hell would take it.
This post was edited on 12/22/16 at 10:12 am
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