Factors in Calculating Severance Pay

Understanding the components that go into the calculation of a severance pay after an employee has been fired, terminated or otherwise dismissed from their job is important to understanding whether or not the amount is adequate. Nevertheless, getting a full understanding as to the adequacy of a proposed severance package should almost always involve the consultation of a knowledgeable lawyer who can interpret what each of those factors mean to your severance pay package and whether or not there is a basis to pursue a larger amount.
As an honest and hard-working employee, you should not be underpaid when you are terminated, fired or laid off, nevertheless, the world that we live in does not necessarily play fairly or pay you all that you should be entitled to. Protecting the financial well being of you and your family is extremely important. As such, knowing what action to take and when to take it can be incredibly difficult and frustrating. What is important in these particular situations is that proper consideration of all the facts and circumstances are taken into account, as is the specifics of the law, and than getting knowledgeable professional advice, which often will include but not necessarily be limited to, the advice of an experienced lawyer who has been apprised of all the facts and circumstances, not only in the workplace but in the broader perspective of your life and future, given the difficult and unexpected negative turns that might arise when you proceed down a certain path. The reality is that every path forward is fraught with danger and uncertainty, although potentially the most dangerous path is not exploring with knowledgeable professional counsel your potential paths forward such that you leave significant money on the negotiating table that you would be rightly entitled to.
** PLEASE NOTE: This is attorney advertising that is provide solely for informational purposes. The video only addresses very general aspects, without delving into specifics, which are absolutely critical to any legal analysis and approach. As such, it is ALWAYS recommended to engage the services of a knowledgeable lawyer to address the specifics of your particular situation, as this will dictate how you should approach any business or legal matter.
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