Sometimes companies have to let employees go, and enter into a contract with the dismissed employee. In the agreement, the employer offers further compensation to the employee in return for protection. The employee agrees to not sue the employer for the way they were terminated. In cases where there is no severance package offered, employees have the right to sue their ex-employer for wrongful termination.
When negotiating severance package terms, it is important to make certain considerations. You need to make sure that you receive an adequate compensation for agreeing to let go of your right to sue the employer. Furthermore, you should also ask your employer to waive off their right to file a complaint against you for wrongful behavior or any other workplace issue. In some cases, employees face discriminating during severance package negotiations. It is important to make sure your employer does not discriminate against you on the basis of age or gender.
Severance compensation packages depend on several small details and the circumstances in which the employee leaves the organization. The amount of compensation you receive depends on factors such as the length of your previous contract, the reason for your dismissal and the financial conditions of your employer.
If you are being terminated by your employer illegally, you could receive a hefty severance package. It is advisable to hire an experienced attorney who can deal with the negotiation process. The attorney will explain the process and try to make sure you get the best possible severance deal.