10 Tips For Negotiating A Big, Fat Severance Deal

Silicon Alley Insider:

Today, 850 at Viacom, 500 at NBC Universal and another 12,000 AT&T found out they will lose their jobs in layoffs.We hope not, but if you're in a media company that hasn't had layoffs yet, you could be next.

Here's the good news, CareerProtection.com's Kirk Nemer told us: It's really, really important to your employer that you go quietly. So much so, that often, companies are willing to bribe laid-off employees with a fatter severance package to make sure of it.

Here are ten rules for making sure you're the squeaky wheel that takes your employer for a ride:

* Do not sign anything right away. After breaking the bad news, the HR rep will try make you sign a release within two hours. Don't. If you're being cut as a part of a general layoff, you have at least three weeks to sign your severance package agreement, which is really an agreement to not sue the company. If you did sign it -- and if you're older than 40 --you can revoke your signature within a week.

Read the whole story: Silicon Alley Insider

Comments

[gorgol]

What is that "Cheerleader" Frat Boy doing with an ax??...Its another "fake" Manly Man photo...ju­st like that "fake ranch"....

[RebelPatriot]

I always get better severance, pay - or limbs and heads, when I go in with a large axe.

[B-Dog]

"The Shining"

[Rule Of Law]

I see Bush holding that axe, with that demon's grin of his, and I can't help but think: "Heeeeere's Johnnny...­.!"

[PoorManPoorMan2009]

So who has all the Cash???? see below

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

[joebaggadonuts]

Thanks for the link.

[jp5472]

Problem is, without serious cash to relocate to one of these countries (and buy the Rosetta Stone software to learn the language), I'm no going to be able to head to any of them anytime soon...unl­ess the ships taking on steerage start lining up at Ellis Island for return trips a century later.