Is your company paying out severance in a lump sum or as a salary continuance over a number of weeks?
We pay out a lump sum, contingent upon the execution of a general release.
We also pay out a lump sum upon signing a general release.
At 3M we pay lump sum, allocated to last day at work, with the signed release completed.
Jennifer Bispo
Thanks for your feedback!
Talia Edmundson
thanks for your feedback!
Don Barnes
Thanks for your feedback!
We also pay out in a lump sum.
I have paid both ways in past companies, but strongly prefer lump sum!
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.
Hi Amy! We do salary continuance. It's a little more work to administer, but I think the recipients appreciate it.
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.