Curious, what is a typical severance package—ie, how many weeks of pay per year?

like
Posting as :
works at
You are currently posting as works at

I was talking to a friend about their expected severance from client side. She said “500” and chatter moved on. I was shocked, as I would have expected something along the lines of a week’s pay for year of service. Then I realized that “500” meant “500k” and I started questioning every life decision I’ve ever made.

like

Technically nothing unless it’s in your contract.

Or are you asking what’s typical to negotiate into a contract? Anywhere from 2-6 months. A really good package would be 3 months severance, and 3 months bridge pay (additional checks for 3 months until you find a job)

likefunny

Whatever it is assume it’s getting worse.

like

I think the standard is 2 weeks pay for every year. But I once got 2 months from a place I was at barely 2 years.

like

IPG policy is minimum 2 weeks and then once you've been there 2 years an additional week per year.

like

Where I work it’s 1 week/year you’ve been with the company.

like

As a CD just go in a and ask for 3 months severance. I’ve been working here in the States for 12+ years at CD level and above. It’s always part of my contract

like

Whaaatttt? I guess I'm clueless. This is outside of my realm of understanding.

2 months is pretty standard client side if you’re under a couple years

Related Posts

Humbly asking cause don’t know if I am being too cheap on my wheels... Whats your salary and what car are you driving? I am at around $230K and have a CRV, but thinking of upgrading. Thanks.

like

Dear all,
May I know what is the variable pay cycle in barclays ? Iam joining this November..pls advise

like

6 years exp at Investment Banking IT group, will be hired as SC at EY Advisory SF office. How much i should ask?

like

PwC/Non-MBA / 3YOE / RC / Tier 3 City A3/ 95k base / 10k bonus Is my compensation in line with my peers?

like

So bored with my job, but sticking it out til manager and one busy season for the title and milestone bonus, is it worth it ?

like

Hi 🐠

I have been told last of this month hikes will rolled out ,does it started ?

like

What is the salary breakdown for the different levels of corporate functions? How does this compare with client-facing equivalent?

like

Business Analyst Intern at tiny tech, Is it common to make 3M+ with 1.7544 YOE??

funnylike

Any ideas of the expected comp range for a strategy manager role in industry?

like

How did your agency handle layoffs? All-agency meeting before they started? After they ended? Both?

Kinda sorta trying to predict if I’m losing my job tomorrow.

like

Has anyone returned to HSBC after quitting with a better hike ?

like

I know it’s a Glassdoor estimate but $120k as an EP?????? I was making that as just a P…. For a company like ABinBev I hope this is Glassdoor just predicting wrong.

Post Photo
like

What is the salary range for a practice management consultant?

like

Hey i had my HR discussion with Infosys HR, they are not even ready to match my counter offer, they will release the offer tomorrow, how to renegotiate now, any tips, they are saying they can't go beyond that for the role. Tried to convince him, but no luck, thinking to have a discussion at the last moment now. Any suggestions would be appreciated

like

What’s BCG digital ventures comp model like?

likehelpful

What would be my in hand salary?


Is this most silly question (and mostly asked) when there are really good in hand salary calculator available online? Example: Ambitionbox

like

Anyone know if the variable pay is applicable while serving np? I got my last variable pay for oct to March cycle and my lwd is 19th sept... Should I get variable pay for April to sept on my final settlement? Or it will give at least April to June?

like

Google onsite to HC rate? Is it around 50%? Do you need to get 3 leaning hires to make it to HC?

like

With 5 years and 8 month of experience which designation can I expect from Infosys and what is the max salary offered at this designation.
Note- 3 month notice period also needs to serve beyond this 5.8 experience so total experience at the time of joining will be around 6 years.

What is the salary range for .Net Lead in Infosys with 8.5 YOE Current CTC - 20 LPA.

like

More Posts

Looking for a referral for Meta, Google or Amazon for supply chain or logistics or even program management.

likefunny

What’s the point of having multiple awards for “craft writing” if your agency only sees you as the translator?  🙄

like

I have got offer letter from Cognizant, for gurgaon location, i am supposed to join as Blueprism RPA Developer, what are the chances of re locating to different location after getting into project, if possible can someone help me with number of open opportunities in cognizant for gurgaon location.

I don't want to re locate to a different location from gurgaon.

Looking for Docu style production companies in the North West for a client with multiple projects. Does anyone have any leads?

like

What’s the best agency to work at?

like

Just lost my job. Has the job market started to cool down? What should I expect for leadership roles in I.T.

like

As majority of the organisations has asked their employees back to office which is hybrid mode in most cases. I would like to know, Which companies are providing complete work from home?

Any Capgemini H1B US employees here…
What is the standard procedure to resign? The recommended notice period is 2 weeks but any indirect penalty if you don’t do so?
Capgemini

like

What industries are good for stability and lower stress?

No snark, please. I’ve had some health issues come up and was told to find a lower stress environment.

like

Best way to prepare for SHRM ?
Any tips or resources that helped you pass the exam?

like

My wife and I are considering relocating to a new city. I’ve been working with a recruiter who (I thought) gave me a good lay of the land. Which firms to meet with re lateral opportunities, which to avoid, etc. I’ve since spoken with a friend who has connections at other firms that could be a better fit. Do I bring in my recruiter or reach out through connections? Is using a recruiter beneficial to me, or am I better off on my own? How does their fee play in to what I could get as a package?

like

Once when I was waiting tables, I had a guy pay me cash. The change was 45 cents, which I didn't give back to him because like who wants that. He then asked where the change was, and when I explained that I didn't give back the loose change, he made a big stink about how dollars and cents matter and didn't leave me a tip. He was a republican staffer on capitol hill.

likesmarthelpfulfunny

What will happen if somebody doesnt goes office even after return to office communication in IBM
@ibm

likefunny

Anyone have any advice for someone interested in getting an MBA to either go in-house or break into securities litigation. 5th year associate here.

like

I have offers from Capgemeni, LTI and Gartner, Yoe - 7. Which one should I choose ?

Looking for a bilingual (Spanish/English) para or esl teacher for a charter school in Minneapolis

How should i go about rejecting an MBB offer after signing the actual offer(a few weeks ago)? I have some personal reasons, circumstances have changed and i will focus on different thing

I am so tired of TV shows glamorizing prison life. It's not pretty, it's not nice, it's something rational humans should avoid in their lives.

like

Where can we check legitimate cutoff for Canada express entry PR?
How often do the results come out? is it every month?
After submitting your profile in how many days can one expect to get Invitation?

Hi Fishies,
Can you please comment on aspects like wlb, learning in hsbc client at Virtusa? I have been offered QA lead position.

like

Additional Posts in Advertising

The clients love saying “ladder up.” Hate it

like

I just got into reading books, any suggestions to start with? Which could help to increase media/marketing knowledge.

like

Any 🐟 in LDR? Looking to move to the US (where he is) or Canada so we could close the gap, but getting discouraged by the job market/policies on hiring foreigners 😔 advice greatly needed

like

My account partner is doing a terrible job and will be getting fired—timeline TBD. Given we are living in a pandemic, I want to give them a heads up to start job hunting. How inappropriate is that? How could I do it?

like

How’s RGA for a CW?

like

Which agencies in NYC still give bonuses?

like

Got any jokes?

like

What’s an appropriate raise to expect/ask for when getting promoted from Jr. Copywriter to Copywriter?

like

The 'F Word' in advertising is the word "forced." As in, "feels a bit forced." Not only can it make you question any idea, it can make you rethink your entire life & every decision you've ever made.

like

How did your agency handle layoffs? All-agency meeting before they started? After they ended? Both?

Kinda sorta trying to predict if I’m losing my job tomorrow.

like

What have other people's experiences been working for companies under WPP?

like

Here’s to hoping the start of the new Serena Lincoln navigator ad is the end of the Mathew mcconaughey Lincoln Navigator ads

likefunny

Anyone hiring a UX Designer in Atlanta? I know someone who got laid off

like

Why do some art directors only really start looking at stuff at the 11th hour? Thus forcing people to stay late on the Friday of a 3 day weekend.

likehelpfulfunny

Moms ❤ : anyone with super supportive mothers who've helped pave the way for you? Please share with other 🐠s your most inspired stories.

like

Any fishies in new york have official snow days?

likehelpful

What, exactly, are these Archive global creative "rankings" based on? I see people posting/humbled-and-honored'ing on LinkedIn and feel like posting that I'm the #17 CD/AD/Freelancer as ranked by both Better Homes & Gardens AND Cat Fancy Magazines.

likeupliftingfunny

I just got offered to run my agency office of under 25 people alongside one other person so the owner can work on new business. I’d oversee all strategy and creative - what’s an appropriate salary? NY

like

What exactly is going on with Havas NY? I've heard many complaints about how it's a disaster, just curious specifically why.

like

A little over a year ago, I posted about my boss making constant comments about my salary. Most comments said I must not have been performing well. I want to update that he was fired, not me.

likeupliftingfunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal