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Who’s negotiated severance? Any tips?
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For managers, it's 4-weeks pay for every year you've been with the company. Not too bad if you've been somewhere for 3+ years but if you're newer, it's definitely not the best.
I've heard rumors that it's based on your salary and tenure but I'm not sure how accurate that is. I've also heard that it includes outplacement services, severance pay, and health insurance benefits. But again I'm not sure how true that is. I'll have to confirm it with my seniors..
Accenture is L7 and up 2 weeks/year of employment & they always round down (4yrs, 10 months =4yrs), until you get to 10 years - maxes out at 20wks. Below L8 is 1wk/year :( . MDs get more - but Accenture massively changed its package with our CHRO & CEO - look at what it used to be -. https://www.sec.gov/Archives/edgar/data/1467373/000146737317000430/acn831201710k-exhibit1030.htm
That’s fantastic the UK is so crap for severance
3 months of salary 😊