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.