Great article by Laura Weidman Powers on severance pay. In the “old days” the only people that got severance were the ones that got laid off due to a company downsizing. Now even people that are getting fired are getting severance. Laura points out reasons for rules and reasons to deviate from the rules.~FHP
Read on for her thoughts:
No One Talks About Severance And That’s Because The Process Sucks
November 30, 2018 by Laura Weidman Powers
If you’re a people manager, eventually you’ll have to fire someone
One of the things I had to do as an executive at multiple companies is fire people. It’s not a part of any job that I particularly like to dwell on, but it is a part of any job where you’re managing a team.
I’ve fired people for whom the conversation felt like a surprise (no matter how clear I thought I’d been in the weeks leading up to it). I’ve fired people who sat down and said “I’m being fired now, aren’t I?” I’ve had honest conversations during which we’ve come to a common understanding that a person and role are no longer a fit. I’ve given people gentle, weeks-long exits. I’ve had people escorted from the premises before they could wreak further havoc. The vast majority of the time, these terminations have been uncomfortable, maybe upsetting, but have ultimately enabled a graceful parting of ways where all parties felt respected.
However, this is not always the case. And in my experience one of the most complicated aspects of firing people and much of where things go sideways in a termination that’s otherwise well executed is in determining appropriate severance to pay. Continue reading at source: