4. What kind of severance is typical?
There simply is no "typical" severance.
A large number of factors affect what the executive is offered. These include employer size, industry, employer's economic health, employer's past practices and region of the country where the employer is located.
There are a number of conventions as to how much severance is appropriate. None of them necessarily means anything. Some employers think that a week of severance for every year of service is "standard." Some executives believe they are worth at least one month of severance pay for every year worked. An old rule of thumb, that occasionally receives some attention, is the notion that for every $10,000 in salary sought, it will take one month to find a job. On that, some executives argue that they should be paid severance that will cover them for the entire period during which they are likely to be looking for a job.
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If I am not offered a severance agreement, how do I get one?
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