Here's how you can navigate and negotiate severance packages during a layoff.
Facing a layoff can be a daunting experience, but understanding how to navigate and negotiate severance packages can provide some financial cushioning during this challenging time. Severance packages are agreements between the employer and the employee that typically offer pay and benefits when an employee is involuntarily terminated. As an entrepreneur, knowing how to handle this situation not only helps you if you're on the receiving end but also prepares you for managing layoffs responsibly if you're ever in the position to do so. This article will guide you through the steps to effectively navigate and negotiate a severance package that aligns with your needs and rights.
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Vaibhav TotukaCo-Founder @ Qubit Capital | Powering founder-investor connect through a proprietary matchmaking platform
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Aaina K.Founder at The Aaina Khan Label
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Robert Irwin Scott, PMPProject Manager | New Product Development | Consumer Packaged Goods | Personal Care Manufacturing | OTC & Clinical…