Structuring Severance for a Terminated Employee

When dealing with severance for an employee leaving your organization there are a number of issues to consider.

The first and foremost is consulting with your legal counsel  to make certain you know what is fair and required by law. Once you have determined how much you are offering then you have to consider how to structure the severance package. I have seen a wide range of severance structures while working with individuals who are provided career transition services, however they tend to fall into one of two main categories, lump sum or salary continuance.

Leader's Insight: Andrew Bell, CEO of The Bell Group

At 22, Andrew Bell joined The Bell Group, the firm his grandfather founded in 1933, and promptly launched what would become a career-encompassing habit: transforming businesses – as industry landscapes were changing. Today the diversified Newfoundland based firm has operations across Atlantic Canada, including St.John’s Coast 101.1 FM Radio, the 14-location furniture retailer Cohen’s Limited, Atlantic Wine and Spirits Limited, as well as the industrial service and supply firm K&D Pratt, acquired in 2003 (the year Bell became CEO).

How to make your résumé work for you and not against you

Sometimes your résumé is your first impression. You may have perfected your interview skills, be passionate about the job and have some great experience to offer a  company but, if you can’t successfully articulate that in your résumé and cover letter, you may knock yourself out of the race before it even gets going. When it comes to applying for a job your résumé can really help you…or it can really hurt you.

Here are some tips to consider:

Leader's Insight: Jean-Paul Deveau, President, Acadian Seaplants Ltd.

In conversation with Jeff Forbes, Vice President

What does it take to lead a company recognized as one of Canada’s 50 Best Managed Companies for seven consecutive years? Jean-Paul Deveau took over the reins of Acadian Seaplants from his father in 2002, building the company into a multimillion-dollar performer exporting to 70 markets worldwide. Not one to rest on his laurels, he is constantly focused on what’s next.

Ace the Interview: The Dos and Dont's to Consider

I was thinking the other day just how many interviews have I conducted? I've been doing this for 11 years and I probably on average interview four people a day, so based on 250 working days/year that's roughly 11,000 interviews! Other than feeling rather old all of a sudden, I feel somewhat equipped to comment on what makes a good interview since I've seen many good (and many not so good) over the years. Here are a few suggestions…

Establish rapport...

Leader's Insight: Lee Bragg, Chief Executive Officer, Eastlink

In conversation with Kevin Stoddart, Vice President

Lee Bragg, son of John Bragg, was appointed CEO of EastLink in 1999. In the decade since, he has successfully led the integration of 12 cable companies, resulting in an innovative telecommunications provider serving communities across Canada. As the company prepares to add wireless offerings to its customer base, he sees no shortage of exhilarating challenges ahead for him, his team and the next generation of Braggs.

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