Would you lovely group of humans be able to guide me in understanding what I can negotiate in a severance package. Any help would be great.

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If you’re employed by a holding company, the severance is boilerplate. If you try to negotiate, it means their lawyers have to get involved, which is expensive. So, they’ll likely say “no” without even considering your offer. Unfortunately, you have very little leverage. Also keep in mind that there are only 5 big holding companies in the industry and it’s quite likely you’ll work for them again in your career. The last thing you want is to be blacklisted for being “difficult.” Stranger things have happened!

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Bridging pay (severance), extending health benefits past whatever they offered in separation agreement — basically having them cover cost of cobra for an extra x amount of months + if there is language in agreement you dont want to agree to you can ask to have it removed (they probably won’t but it doesn’t hurt to ask). You can pretty much try and negotiate anything but you are more likely to have success if you are reasonable in your asks. Good luck! 🤞🏻

helpful

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