2007-08-22 04:00:14 · 13 answers · asked by nfldolphin 1 in Politics & Government ➔ Law & Ethics
Unfortunately, there is no legal right to severance pay. If you had a contract (either an individual contract or a union contract that covered you), then your situation might be different. But there is no general requirement that an employer give severance pay.
Some companies, of course, pay severance as a matter of policy, but that varies with the company, and it also varies with the reason for your firing. If you were fired "for cause," you may not be entitled to severance under the company's policy.
Be sure to look into your rights for unemployment compensation, which is entirely different from severance pay. Unemployment compensation comes from the government, not the employer. Again, however, whether you are entitled to it depends a lot on the circumstances of your firing. If you were let go because there wasn't enough work in the company--a classic layoff--then unemployment compensation is almost a sure thing. If you were fired for stealing, then you still MIGHT get unemployment compensation; it just depends on whether the company wants to fight it. A lot of companies don't want to wash the dirty linen in public, so even if they have a "cause" for the firing, they will not object to unemployment compensation. So, it never hurts to apply, unless you get a new job right away.
I hope this helps. I wish I could give you a more optimistic answer, but you asked about your rights, and this is where you stand. Good luck!!
2007-08-22 04:09:48 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Severence pay is completely up to the employer. If you have been a valuable employee, then you will probably receive a couple of weeks or a month of pay.
Otherwise, good luck at the unemployment office. With all the layoffs in the fianancial industry this week, I would head over there ASAP.
2007-08-22 11:04:31 · answer #2 · answered by Anonymous · 3⤊ 0⤋
The fact that you would ask a forum of complete strangers your legal rights instead of 1st approaching the employer, who, after 5 years, must know you quite well, shows me that you are obviously guilty of some wrong doing on your own behalf.
Otherwise you would have (assuming you have any testicles at all) approached the firm with confidence, & simply demanded your rights (4-5 weeks of pay or notice of forthcoming termination).
I imagine you are completely in the wrong & are just trying to justify your termination with any sympathetic fools willing to listen.
My advise to you, grow up, own it, make amends & move on!
2007-08-25 01:18:37 · answer #3 · answered by cunt 1 · 0⤊ 0⤋
Does your former company have severance pay? Do you have a contract with them? The reason for your firing may negate any need for them to pay also.
2007-08-22 11:04:59 · answer #4 · answered by sensible_man 7 · 3⤊ 0⤋
None, what were you fired for? This is different from company to company, but generally you are entitled to nothing except your hours worked and any vacation pay you have saved up.
2007-08-22 11:04:47 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Absent an agreement, contract or union agreement stipulating that such payment is to be made upon termination, None at all.
2007-08-22 11:03:31 · answer #6 · answered by hexeliebe 6 · 4⤊ 0⤋
Do you have it in writing somewhere that you are entitled to severance pay? If not, you're not getting it.
2007-08-22 11:04:47 · answer #7 · answered by KitKat 6 · 2⤊ 0⤋
Typical is 1 week for every year of service but only if the employer wishes to provide it. (Unless you have a contract with them that says otherwise)
2007-08-22 11:05:40 · answer #8 · answered by Anonymous · 0⤊ 2⤋
options on severance pay ?!!!!!
unless you were under a salaried contract you have only one option................ THE UN-EMPLOYMENT LINE !
2007-08-22 11:04:14 · answer #9 · answered by huntnyou 4 · 2⤊ 1⤋
It's because you are on Yahoo! Answers in the office, right?
2007-08-22 11:06:05 · answer #10 · answered by Bill W 【ツ】 6 · 1⤊ 2⤋