Job Loss Support Resources for Moving Forward

Description: The term severance lay refers to an involuntary termination of employment, usually resulting from a layoff or dismissal. The severance package includes wages paid post-termination to cover unemployment until the next job is found. Many employers offer severance packages as part of their exit policies and employee handbooks to reduce legal risk and turnover costs. Despite being an important compensation benefit, most workers don't fully understand what a severance package consists of or how to negotiate one effectively. This video will explain the basic elements of severance pay and cover how to evaluate the offer and negotiate for additional benefits.