Calculating Severance Pay

Calculating Severance Pay

by Finn Bartram

Severance pay is compensation provided to an employee when they are laid off, terminated, or resign under certain conditions. It is often based on factors like the employee’s length of service, position, and company policy.

Severance is a delicate process and accurately and compliantly calculating severance pay is crucial for both the employer and employee.

Use this guide to help ensure an accurate calculation and a professional and courteous severance process.

Keep reading this article on People Managing People.

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