If my employer ever decides to start offering "buyout" packages, what precise elements should I seek?
2006-09-09 11:36:17 · 1 answers · asked by Willster 5 in Business & Finance ➔ Careers & Employment
first of all get EVERYTHING in writing, beginning with the deadline for acceptance which is usually set before negotiations begin. all your questions and the company's answers are to be in writing. Save all emails. continued health benefits are very important. instead of a lump sum payment, consider staggered payments over several years, review the efficacy of both with an accountant.you don't want to lose more then is necessary to the tax man. if you are deferring a lot, ask for an inflation clause. consider the timing of the buyout, perhaps you can still have your bonus for that year as well. try to avoid losing your retirement benefits, vacation time, sick leave.
2006-09-09 12:09:00 · answer #1 · answered by Sam 3 · 0⤊ 0⤋