{ "media_type": "text", "post_content": "Curious, what is a typical severance package—ie, how many weeks of pay per year?", "post_id": "5aae9a50575bed00130bcf6e", "reply_count": 9, "vote_count": 1, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising" }

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

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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.

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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)

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Whatever it is assume it’s getting worse.

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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.

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

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

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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

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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

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Buzzed on coffee this Monday morning. Client meeting coming up.

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