What is Severance Pay? Severance pay is compensation paid to an employee whose employment has been severed by their employer. It is meant to compensate long-term employees for losses upon termination. Although severance pay is commonly conflated with termination pay, which is given in place of the required notice of termination of employment, they are two
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What should be included in a termination or settlement package?
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This Is How to Calculate Severance Pay
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