Average Severance Payout. Call 4165511153 Dutton Employment Law for a free severance calcuation and consultation. In most cases companies base the number of weeks severance pay you get on the number of years you have been an employee.
Jun 24 2020 This meant some staff members received severance pay as low as 600. The severance pay offered is typically one to two weeks for every year worked but can be more. If you have been with your company for 5 years your severance pay would be 16000.
34 year old employee making 250000 at a strategy consulting firm worked for 11 years and got 3 months base.
For example a company might offer two weeks salary for every year youve been there so if youve worked there four years youd be offered eight weeks of salary. You may be able to negotiate with your employer but generally the severance offer will already have been crafted by the time youre laid off. If you have been with your company for 5 years your severance pay would be 16000. Different companies offer different amounts.
