When should you offer severance?


The idea behind a severance agreement is that an employee agrees to take something of value to which he/she is not otherwise entitled. Paying severance is above and beyond what an employer is required to do. However, it is thought by most that a severance agreement that includes a full release of claims is the only way an employer can be reasonably sure it won’t be dealing with the terminated employee again. Of course…. this peace of mind comes with a price!   (more…)

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