A new study from researchers at the University of New Hampshire and the University of Nebraska has determined that men in executive leadership positions receive over $500,000 more in severance compensation than women. The study, recently published in the Journal of Business and Psychology, examines severance packages at the executive level through a series of …
Continue reading “Gender Bias in Executive Severance Negotiations”
In any negotiation, each party comes to the process with unique pressure points. As the name implies, pressure points are those factors and considerations that put pressure on a party to close a deal and, accordingly, make them more open to compromise. Executives who enter into severance negotiations with their soon-to-be-former employers often think they …
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Continue reading "Executive & Professional Severance Attorneys"
Most employers don’t offer severance packages to laid-off employees out of the kindness of their hearts. They do so because they’re buying something. That something may be employees’ release of any harassment or discrimination claims or promises not to solicit employers’ customers. Employers also use severance agreements to buy employees’ silence. As a result, employees …
People quit their jobs for all sorts of reasons – better opportunities, shifting priorities, or the need to escape from uninspiring, frustrating or miserable situations. Whatever motivates workers to move to greener pastures, they typically want to leave with as little drama or animosity as possible. They also want to depart with as much financial …
Continue reading “Can You Get Severance If You Quit Your Job?”
If your employer has offered you a severance package as part of a Reduction in Force or RIF, you first need to understand that companies typically claim that RIFS are necessary for supposed financial reasons. In truth, though, RIFS are often used to get rid of older, more expensive employees and may constitute age discrimination. …
Continue reading “Top 5 Questions to Ask When Offered a Severance as Part of a RIF”
Your career isn’t a game, especially if you face the unexpected, unwanted or unjustified end of your current tenure. But if your employer decides to show you the door and offers you a severance package, you’re playing a high-stakes game, whether you like it or not. As with all negotiations, hashing out a severance package …
Continue reading “Game Theory and Severance: Why You Should Always Negotiate”
You’ve found a better opportunity. You want to take your career in a different direction. You just can’t take it anymore and need to get out ASAP. These are a few of the many reasons people resign from their jobs, even if they don’t have a new one lined up. If you’re considering leaving …
For many people, the icing is the best part of the cake. For many C-suite and high-level executives, the “icing” on their compensation packages – such as stock options, restricted share units (“RSUs”), bonuses and other nontraditional or speculative compensation structures – are often worth much more than the cake of their annual salary. Accordingly, …
Continue reading “Stock Options and Bonuses in Severance Packages Should Be More Than Afterthoughts”
Older workers’ experience, insights, and institutional knowledge can be valuable assets to a business. All too often, however, companies see older workers as a liability, leaving more seasoned employees vulnerable to prohibited age discrimination, including wrongful termination. That’s why federal law provides older workers, who are laid off over 40, with robust protections, rights, and …
Continue reading “Laid Off Over 40? You Have Unique Severance Agreement Rights”
