Why your attorney can negotiate a better severance package

If you have been laid off after many years with a company, how can you be certain of getting a severance package or receiving severance pay that compensates you for your many years of service? The first step is hiring an attorney. This is because an attorney understands employment law and can advise you on whether or not you’ll receive the severance pay you deserve.

Some companies will offer a week of severance pay for every year with the company. However, is this a fair compensation amount when it comes to a severance agreement? Whether you have been with a company less than two years or more than 40 years, having an experienced attorney can help you understand the severance agreement placed in front of you. What if you sign a severance agreement and are having second thoughts? If you are over 40, it’s perfectly legal to withdraw your signature up to a week after signing.

An attorney can read over a severance agreement and advise you whether the pay or severance package offered is a “good” deal. Should your severance package include certain conditions? By having an attorney, you will have assistance in negotiating to get the severance pay that you deserve. Should you have a strategy when negotiating? An attorney can advise you the best way to negotiate a severance agreement that’s fair.

Get vacation pay, health insurance coverage or access to pension you are entitled to

Having an attorney can ensure that you’re getting the most out of any severance agreement or severance pay that the company offers. Your attorney can ensure that all negotiations are provided via written documents. This way, you have a legal document as to which records company officials are willing to offer an employee who is laid off.

Attorneys may also be able to give ex-employees some negotiating power when it comes to trying to get a better severance package. An attorney can also advise a client when to stop negotiating if a company official has offered their final offer. Though it’s true employers cannot withdraw any severance package, they can be slow to offer certain severance compensation or severance pay. However, this is why having an attorney to negotiate terms may help you get the severance pay you need.