Ten Important Questions to Ask When You are Offered a Severance Package
When offered a severance package, there is a lot to consider. How do you know if you should accept the package, negotiate the offer or stay with the company? We've complied a list questions, with answers, to help you discern the best move for you and your family.
What is a severance package?
What will be my sources of income?
What about healthcare?
If my package is negotiable, what should I negotiate for?
What happens to my benefits?
What is my timeline to accept or decline?
Will this affect my taxes?
What is a non-compete?
Do I want to retire or change careers?
Who can help me make this decision?