I’ve read through just out of curiosity. The severance package is:
16 weeks of pay
1 week of pay for every year worked at the company
healthcare insurance until the end of the year
1500$ to buy a laptop
Is this common in the US? This really feels like nothing. I do not know whether there are other remunerations funded by the government, but 4 months of pay after being laid off really is not very much.
Is this company paying out a very small sum to their employees or is it common to give very little money to fired people?
That is a lot more than a lot of people get. Especially the healthcare and laptop thing. Healthcare usually ends immediately and you don’t get any gifts on the way out.
They’re joking, but most of the US are “Right to Work” states. Meaning, on paper, you have the ‘right’ to quit your job without reprisal, but in practice the company can fire you without compensation. They owe for anything you’ve already done, but that’s about it.
I was thinking their package was pretty generous but you’re right it’s very basic for other places.
Were I come from 4 months is the bare minimum. To be fair, you do not get your full salary but a reduced amount; however depending on the conditions that can extend up to 2 years.
Difference here is that it is not the company itself paying you that money but it is rather a government system which is payed directly by the workers.
It’s a system which is not advantageous if you never lose your job, since you have to pay for it regardless; but comes very handy if you ever end up needing it.
The company also has to pay you 20-33 days of salary for every year you’ve been working there.
I’ve read through just out of curiosity. The severance package is:
Is this common in the US? This really feels like nothing. I do not know whether there are other remunerations funded by the government, but 4 months of pay after being laid off really is not very much.
Is this company paying out a very small sum to their employees or is it common to give very little money to fired people?
Ha, honestly as someone living in the US that sounds like a lot more than I’ve ever got.
That is a lot more than a lot of people get. Especially the healthcare and laptop thing. Healthcare usually ends immediately and you don’t get any gifts on the way out.
Clarification, healthcare usually lasts till the end of the month, because that’s what already been paid for.
Buddy, this is above average in the US. Usually you just get a kick in the ass on your way out.
Absurd. That is a terrible custom.
They’re joking, but most of the US are “Right to Work” states. Meaning, on paper, you have the ‘right’ to quit your job without reprisal, but in practice the company can fire you without compensation. They owe for anything you’ve already done, but that’s about it.
I was thinking their package was pretty generous but you’re right it’s very basic for other places.
Were I come from 4 months is the bare minimum. To be fair, you do not get your full salary but a reduced amount; however depending on the conditions that can extend up to 2 years.
Difference here is that it is not the company itself paying you that money but it is rather a government system which is payed directly by the workers.
It’s a system which is not advantageous if you never lose your job, since you have to pay for it regardless; but comes very handy if you ever end up needing it.
The company also has to pay you 20-33 days of salary for every year you’ve been working there.