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