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Negotiating Better Severance Package
Summary
Severance pay in Missouri is not mandated by law and depends on company policy or employment contracts. Without a written policy, negotiation is key. Consider reviewing your employment contract and any verbal agreements. Highlight your positive performance and age-related transition challenges when negotiating.Full Conversation
I was released from my job on */*/*. I have a director level title with 16 months with the company but they only offered * weeks severance pay. Don't most companies give someone with a directors title a greater severance package than that?
Hey ****, that's a tough situation. Severance packages can vary widely based on company policy and individual employment contracts. Generally, severance pay is not mandated by law in Texas, but it can be negotiated.
Have you reviewed your employment contract or company's severance policy?
Have you reviewed your employment contract or company's severance policy?
This is in the state of Missouri. Hourly employees get one week per year.
Hi ****! Thanks for the clarification. In Missouri, severance pay is not mandated by law and is generally determined by the employer's policy or the employment contract. It could be useful to review any documents you have regarding company policies or your employment contract for details on severance.
Have you checked your employment contract for any specific terms related to severance pay for your position?
Have you checked your employment contract for any specific terms related to severance pay for your position?
They do not have a written policy
Case Rating: *
Since your employer does not have a written severance policy, your severance package will likely depend on the terms of your employment contract or any verbal agreements made.
Have you tried negotiating a better severance package with your employer?
Since your employer does not have a written severance policy, your severance package will likely depend on the terms of your employment contract or any verbal agreements made.
Have you tried negotiating a better severance package with your employer?
Could you help me draft a letter to do so? I am also over * and have never had a negative review during my time with the company.
Case Rating: *
Certainly, ****! Here is a draft letter you can use to negotiate a better severance package:
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[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Employer's Name]
[Company Name]
[Company Address]
[City, State, ZIP Code]
Dear [Employer's Name],
I hope this letter finds you well. I am writing to discuss the severance package offered to me following my termination on [date]. I have greatly enjoyed my time at [Company Name], and I am grateful for the opportunities provided to me throughout my tenure.
Given my position as a Director and my 16 months of dedicated service to the company, I believe a more substantial severance package is warranted. I would like to highlight the following points:
- I have consistently received positive performance reviews and have never had a negative review during my time with the company.
- As an employee over the age of *, the transition period to new employment might be longer compared to younger employees.
- The standard severance package for hourly employees is one week of pay per year of service, and I believe a similar or enhanced consideration should be extended to someone at my level.
Considering these points, I am respectfully requesting that my severance package be adjusted to [specific request, e.g., "one month of pay for every year of service" or "three months of severance pay"].
I am open to discussing this matter further and would appreciate the opportunity to negotiate a fair and reasonable severance package. Thank you for your attention to this matter.
Sincerely,
[Your Name]
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Feel free to adjust the details as necessary to better fit your situation. Best of luck with your negotiations!
Certainly, ****! Here is a draft letter you can use to negotiate a better severance package:
---
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Employer's Name]
[Company Name]
[Company Address]
[City, State, ZIP Code]
Dear [Employer's Name],
I hope this letter finds you well. I am writing to discuss the severance package offered to me following my termination on [date]. I have greatly enjoyed my time at [Company Name], and I am grateful for the opportunities provided to me throughout my tenure.
Given my position as a Director and my 16 months of dedicated service to the company, I believe a more substantial severance package is warranted. I would like to highlight the following points:
- I have consistently received positive performance reviews and have never had a negative review during my time with the company.
- As an employee over the age of *, the transition period to new employment might be longer compared to younger employees.
- The standard severance package for hourly employees is one week of pay per year of service, and I believe a similar or enhanced consideration should be extended to someone at my level.
Considering these points, I am respectfully requesting that my severance package be adjusted to [specific request, e.g., "one month of pay for every year of service" or "three months of severance pay"].
I am open to discussing this matter further and would appreciate the opportunity to negotiate a fair and reasonable severance package. Thank you for your attention to this matter.
Sincerely,
[Your Name]
---
Feel free to adjust the details as necessary to better fit your situation. Best of luck with your negotiations!
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