Top Severance Negotiations Myths
Posted by Jacob I. Kiani | Sep 06, 2013 | 0 Comments
Avoid the Common Mistakes that Most People Make When Deciding their Severance Package
Losing your job is scary. But losing your job suddenly without any notice is way scarier. It is best to stay on your toes and be prepared to deal with the lay off with a smart and calculated approach. Severance negotiations, if done with the right mindset, can prove to be a great deal of help in this regard. Sound legal advice and a thorough background of how to negotiate not only secures you financially, but also guarantees complete peace of mind. Looking at the market, saturation is definitely at its peak. With competition rising and prospects shrinking, more and more people are losing their jobs every day. However, there are employment rights that safeguard employees financially, and if approached in a smart way with legal backing, it is possible to get your hands on the rightful share of severance that you deserve.
Do you know how to negotiate for a severance?
Are you wondering how much should you ask for? Keep reading to find more about the current trends and the common mistakes that are associated with severance benefit negotiations. Take a look:
Mistake # 1 – I Have No Leverage to Get a Severance Benefit
Actually you do. No company wants negative publicity, and will try their best to avoid any bitter situation. Severance is not just beneficial for you but also of the company as they can avoid any controversies and part with employees on good terms.
Mistake # 2 – My Company Has Gone Bankrupt So There's No Chance of Severance
If your company is going bankrupt or laying off the employees to cut down on the costs, you can still get a decent severance benefit. In fact, companies tend to pay more generously in these cases to avoid bad mouthing.
Mistake # 3: My Severance Package Is Non-Negotiable and I Have To Sign Immediately
If you thought that the human resources of your company can pressurize you in signing the termination agreement immediately, you are in for a surprise. There is not “Take it or leave it" condition when it comes to the severance package. You are at liberty to present your terms and negotiate the clauses, so do take time to think and ponder over the situation.
Mistake # 4: I Can Negotiate For the Severance Myself and No Legal Help Is Required
Last but not the least, if you are unsure on how to tackle the situation or approach the company, seek legal help immediately and let them complete the drill. Lawyers specializing in employee law and compensation law are better aware of how to deal with the negotiation effectively. Moreover, if you are on friendly terms with the company, they can advice you on how to approach the employer and best convince them for a reasonable severance package for you. Remember to play it safe and play it smart – if your company has offered you a severance in the first place, this means that they are willing to make the situation favorable for both of you. Take the plunge and negotiate to get the best deal out of the box!
Los Angeles Labor Law Practice Areas
- Labor & Employment Law
- Wage and Hour Law
- Human Resources Law
- Business Law & Litigation
- Technology Law
- Unbundled Legal Services
Severance Negotiations Law
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- Five Tips for Negotiating The Best Severance Possible
- Don't Attempt to Represent Yourself in Severance Negotiations
- Ten Tips for Negotiating a Better Severance Package
- Severance Pay Basic Info Sheet
- How to Negotiate Severance
- Cobra Basic Info Sheet
- How to Get the Best Severance Deal
- You're Fired: Now You Can Negotiate a Better Severance Package
About the Author
Jacob I. Kiani is an experienced and highly-skilled Los Angeles Labor & Employment Attorney. The Law Office of Jacob I. Kiani is a Labor & Employment Law Firm located in Los Angeles, California. The firm assists clients throughout Los Angeles, Hollywood, West Hollywood, Downtown Los Angeles, Beverly Hills, West Los Angeles, Orange County, and the San Fernando Valley with legal matters related to Labor & Employment Law, Wage and Hour Law, Unpaid Wages Law, Overtime Law, Meal Period and Rest Break Law, Business Law & Litigation, Technology Law, Human Resources Law, Severance Negotiations Law, and Unbundled Legal Services.