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How do I negotiate severance pay at a job interview?
By Anne McKinney, Prep Publishing
With my next job offer I would like to negotiate severance up front. Do you have any recommendations?
You can’t negotiate anything until you know the company wants you. Even after that, it’s tricky. Here are two possible ways to handle it.
(1) After they make the offer, you could tell the company verbally that you are interested in accepting the position if you can be assured of minimum “job insurance” in case the company abruptly terminates your employment without cause. You can then say that you would feel comfortable with a severance package consisting of X, Y, Z.
(2) Another way to handle this is to tell the company that you really want the job but are concerned about what would happen if the company suddenly terminated your employment. You might ask, “In that sort of situation, and assuming I was doing an excellent job, what sort of severance package would you offer.” Whatever the company verbalizes at that point, the company might feel comfortable putting in writing. (Approach #2 is probably the better approach. It’s usually best to get the company to name their numbers first, rather than your going out on a limb.)
Prep-Pub.com (Opens New Window)
Source: Prep Publishing
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