{ "media_type": "text", "post_content": "Can you negotiate severance payout? ", "post_id": "5a298783f3e63e00180955a1", "reply_count": 10, "vote_count": 2, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

Can you negotiate severance payout?

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In any negotiation, your ability to negotiate is based on having leverage. If you are leaving and being offered severance, what leverage or tradable to you have? I suppose you might be able to negotiate to improve one component by sacrificing another. Then it would depend on whether it is worth more to you than it does to the firm. The only times I've ever heard of someone negotiating severance is when they choose to leave and the company wanted to keep them temporarily through a critical project or transition (in industry).

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Yes, hire an atty-- ive been told this usually can get you up to 3-6 mo vs the 2-4 week payout

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Pip? And no intent to return

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Depends. Usually it’s something you'd do when you take the job. If you're senior enough you may have some leverage

It’s usually define in your employment contract. If there’s something else going on that you may be able to sue them for you may be able to negotiate more but absent the leverage mentioned above good luck

What's your BATNA?

I do this for a living. If you have a severance clause in your contract, that supersedes company policy. Otherwise, you will have a payout based on the policy - no negotiations. You may be able to negotiate other elements (eg. COBRA coverage) but not the payout. That’s combed over by legal teams and approved by GCs

Thanks guys!

Even at the BA level..?

Yes unless you were on a pip and failed miserably. But if the pip wasnt done right you still prolly could. Be careful though -- this could land you on the ineligible for rehire list-- depends on if you want to go back to the co in the future

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