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(NEW YORK) Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to s ....
Anchalee Phanmaha/Getty Images(NEW YORK) Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some departing employees. Severance packages, which range widely in size and duration, offer newly unemployed workers a financial buffer as they face an uncertain job market. But laid-off workers may not fully understand the terms of a severance package, or could feel pressure to accept the terms without looking them over closely, legal and career experts told ABC News. As employees depart a company, they should be fully informed of the details of a separation and negotiate for the best outcome they can get, the experts added. "If employers give money, there's a carrot in front of employees," Matt Blit, an attorney at employment law firm Levine and Blit, which handles severance cases, told ABC News. "Employees typically sign without even reading them." Here's what you nee ....
(NEW YORK) Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some departing employees. Severance packages, which range widely in size and duration, offer newly unemployed workers a financial buffer as they face an uncertain job market. But laid-off workers may not ....