Severance pay

Is your company paying out severance in a lump sum or as a salary continuance over a number of weeks? 

11replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • We pay out a lump sum, contingent upon the execution of a general release. 

    Like 1
  • We also pay out a lump sum upon signing a general release.

    Like 1
  • At 3M we pay lump sum, allocated to last day at work, with the signed release completed.

    Like
  • Jennifer Bispo 

    Thanks for your feedback!

    Like
  • Talia Edmundson   

    thanks for your feedback!

    Like
  • Don Barnes   

    Thanks for your feedback!

    Like
  • We also pay out in a lump sum. 

    Like 1
  • I have paid both ways in past companies, but strongly prefer lump sum!

    Like 1
  • We have paid both ways.  It has depended upon the circumstances around the termination and the state in which they reside.  But always contingent upon the execution of a general release.

    Like
  • Hi Amy!  We do salary continuance.  It's a little more work to administer, but I think the recipients appreciate it.

    Like
  • Mary Howbert 

    Thanks!  We are currently doing salary continuance and looking at changing.  The main reason is the administrative ease of paying a lump sum.  I do know that employees do like the continuance more.  Thanks for your feedback.  Let's do lunch!  I will send you an email.

     

    Like
Like Follow
  • 7 yrs agoLast active
  • 11Replies
  • 368Views
  • 8 Following