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My employer has offered severance to coworkers in a package of 2 weeks pay for every year of service ... up front lump sum.
I suspect my offer may follow as contracts end.
i am paid a salary plus overtime and a small bonus yearly. I have a company truck that i can drive home at night. I have benefits. i have been with the company in a technical job for 26.5 years. My overtime is down considerably from last year as workload diminishes as contracts end. My overtime/bonus had been an additional 50percent on my salary of approx 60k.
I am in a depressed economic area where equivalent job opportunities at my pay grade are just not there.
My job performance rating is high.
question
1. When the severance calculator estimates a compensation figure.... is that for lump sum severance or paid out bi weekly with a claw back if i find another job?
i guess i'm asking if 2 weeks per year of service up front as a lump sum with no clawback is fair?
2. Would the company vehicle driven home ... last years overtime factor into a larger severance?
3. How much does an employment lawyer typically charge for his/her assistance to settle a case?
thank you
2 weeks pay for every year, is not even close for you. That could mean around 50 cents on the dollar. Whether someone gets lump sum or salary continuance is a negotiable point. Severance is based on total compensation, which includes car and overtime. These issues tend to be simple to resolve. If you are let go, give me a call. No charge.
Lior Samfiru
Lior Samfiru