tg1771 profile picture
tg1771 profile picture

tg1771

Account Executive

Opinionated
Fire Starter
Good Citizen
+2

negotiating severance?

I just got laid off from my company i've been with for 3 1/2 years. Privately held start up... They offered me 1 week severance and payout of my accrued PTO. How do I go about negotiating for more? What should I be targeting?
🔫 Job Separation
☂️ Layoffs
9

18 comments

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braintank
Politicker
4
Enterprise Account Executive
I mean .... ask for 4 weeks which is standard, but they have the upper hand
Sorry to hear about this
tg1771
Opinionated
1
Account Executive
in our handbook it says they do not pay out PTO so should I just take it as that will be 2 full weeks on top? Could they decide to pull the current offer if I do ask for more?
Sunbunny31
Politicker
0
Sr Sales Executive 🐰
No telling what might happen. If you're comfortable asking, you might ask anyway. Even in CA, an employer does not have to pay out PTO, so I expect they're thinking this gives you that three weeks severance, or 1 week per each full year worked.
So sorry.
Maximas
Tycoon
0
Senior Sales Executive
Unfortunately true!
DungeonsNDemos
Big Shot
0
Rolling 20's all day
Good to know 4 weeks is standard. I'd definitely try to negotiate.
Pachacuti
Politicker
3
They call me Daddy, Sales Daddy
At this point you’re not in any position to ask for more. You have no leverage. Basically you lost the leverage the day you started. Call it a learned lesson.
Justatitle
Big Shot
2
Account Executive
The best advice and step by step instructions you will find I have laid out below, I also used them myself 2 months ago when I got the axe
Justatitle
Big Shot
1
Account Executive
https://www.linkedin.com/pulse/how-negotiate-your-severance-richard-harris-/
FoodForSales
Politicker
0
AE
watch out for the self-promotion here
Justatitle
Big Shot
1
Account Executive
It's not self promotion, it's literally a link to how to negotiate severance.
HVACexpert
Politicker
0
sales engineer
I’m interested to hear the results of this, but I would think it’s more ‘take it or leave it’ I doubt they would even entertain negotiation, but I could be wrong…
TennisandSales
Politicker
0
Head Of Sales
damn, thats rough. I have always wondered about this. ive never been laid off but ive wondered if ppl can actually negotiate a better severance. or if that never works
GDO
Politicker
0
BDM
THis is always strange to me. Severance is legally locked in in Belgium
tg1771
Opinionated
0
Account Executive
curious how much severance do you legally get? companies couldn’t give less of a shit about you here in the states lol
GDO
Politicker
0
BDM
it depends on how long you've been an employee. It starts at 4 weeks and after about 2 years its 13 weeks. After that it's more or less one extra week per year.
CuriousFox
WR Officer
0
🦊
I don't think you will babe.
punishedlad
Tycoon
0
Business Development Team Lead
I saw someone post in a thread a few months back about negotiating for severance in your employment contract which kind of blew my mind, but given the climate today it seems like a solid idea.
sunnysideup92
Fire Starter
0
Sales executive
You have no leverage. They will not give you any more. You can ask because you have nothing to lose, but be prepared for a no.

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