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<channel><title><![CDATA[Business Management Daily — FREE reports on business, management, leadership, career, communication, human resources, employment law, technology, sales and small business tax - Comments for article: What’s ‘normal’ when calculating severance?]]></title><link>http://www.businessmanagementdaily.com</link><description /><language>en-us</language><copyright><![CDATA[http://www.businessmanagementdaily.com]]></copyright><generator>N/A</generator><webMaster>ehall@nibm.net</webMaster><lastBuildDate>Sat, 21 Nov 2009 14:27:47 EST</lastBuildDate><ttl>20</ttl><item><title><![CDATA[Comment #1]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2027</link><description><![CDATA[We use 2 weeks' pay plus 1 week's pay for each year or fraction thereof of continuous service, up to and including a maximum of 26 additional weeks (max pay = 28 weeks).<br/><br/>
(Comment posted by HR Rep at 3:38 pm, Fri 12th Jun 2009)]]></description><author>no@spam.com (HR Rep)</author><pubDate><![CDATA[Fri, 12 Jun 2009 15:38:53 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2027</guid></item><item><title><![CDATA[Comment #2]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2030</link><description><![CDATA[We have 1 week per year worked and max out at 10 years. I think this maxing out at 10 years is generous in today's market. Most others I know of max out at one month pay.<br/><br/>
(Comment posted by Fellow Admin Asst at 3:44 pm, Fri 12th Jun 2009)]]></description><author>no@spam.com (Fellow Admin Asst)</author><pubDate><![CDATA[Fri, 12 Jun 2009 15:44:10 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2030</guid></item><item><title><![CDATA[Comment #3]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2033</link><description><![CDATA[When we do severance (rare), we give two weeks regardless of the length of employment.<br/><br/>
(Comment posted by Barb G at 4:28 pm, Fri 12th Jun 2009)]]></description><author>no@spam.com (Barb G)</author><pubDate><![CDATA[Fri, 12 Jun 2009 16:28:22 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2033</guid></item><item><title><![CDATA[Comment #4]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2034</link><description><![CDATA[We don't do severance pay.   If someone is let go (whatever reason), they are let go.<br/><br/>
(Comment posted by Mark at 8:43 am, Sat 13th Jun 2009)]]></description><author>no@spam.com (Mark)</author><pubDate><![CDATA[Sat, 13 Jun 2009 08:43:41 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2034</guid></item><item><title><![CDATA[Comment #5]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2037</link><description><![CDATA[Length of service - 2 weeks for every year worked, except if it's an executive position.  Medical coverage is paid for during that time.   Then, the Cobra kicks in if they want it.  Unused vacation days are paid out to employee.<br/><br/>
(Comment posted by Tori at 8:23 am, Mon 15th Jun 2009)]]></description><author>no@spam.com (Tori)</author><pubDate><![CDATA[Mon, 15 Jun 2009 08:23:35 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2037</guid></item><item><title><![CDATA[Comment #6 (Reply to Comment #5)]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2039</link><description><![CDATA[This is capped at 1 - 2 years.<br/><br/>
(Comment posted by Tori at 8:39 am, Mon 15th Jun 2009)]]></description><author>no@spam.com (Tori)</author><pubDate><![CDATA[Mon, 15 Jun 2009 08:39:38 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2039</guid></item><item><title><![CDATA[Comment #7]]></title><link>http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2045</link><description><![CDATA[Luckily being in central Massachusetts we have had less difficulty in this area because we have not had to let any employee go because of the economy. But when a person is laid off, what we do is offer them cobra (at their expense) and pay them any owed vacation time. So no severance pay. If we fire with cause then they are not even allowed by the state to collect unemployment.<br/><br/>
(Comment posted by Jocelyn at 10:06 am, Mon 15th Jun 2009)]]></description><author>no@spam.com (Jocelyn)</author><pubDate><![CDATA[Mon, 15 Jun 2009 10:06:14 EDT]]></pubDate><guid isPermaLink="true">http://www.businessmanagementdaily.com/articles/19269/1/Whats-normal-when-calculating-severance/Page1.html#Comment2045</guid></item></channel></rss>