Summary: Negotiating severance pay up front varies with each job depending on how long it may take to find another job in that particular industry. Learn about negotiating severance pay up front with tips from a management specialist in this free workplace etiquette video.
Gloria Dixon Campbell has an executive MBA in management from the University of South Florida and a BA in sociology from the University of West Florida. She has developed, researched...read more
"It's always a good idea to try and negotiate for severance pay up front. I'm Gloria Campbell with Advantage Training Systems in St. Petersburg, Florida. How to negotiate severance pay up front requires that we understand what the standards are in the industry. We know what we're looking for. And more importantly, we can communicate why we want to negotiate for severance pay up front. You might want to take a look at what's a companies policy? If their policy is, normally, let's say, two weeks for every three years of service, that's fine. Maybe that's what you want to guarantee. But if you know that you're in an industry, or you may be at a particular age or time in your career where it's going to take you six months to find another job, you may compromise. And you may say to the company, "Based on these facts, based on the industry, here's what I know it would take if something were to happen." Also make sure that you look at conditions under which you would receive severance pay. Remember, negotiation is about asking for something and giving up something else. I'm Gloria Campbell with Advantage Training Systems. We're located in St. Petersburg, Florida. It's always to your advantage to negotiate severance pay up front. Just make sure that you're willing to give up something to get what you want."