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?

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