Here's how you can navigate negotiating severance packages and benefits during a layoff.

1 Know Rights

Understanding your legal rights is the cornerstone of any severance negotiation. You are entitled to a clear explanation of why you are being laid off, and in many places, laws dictate what severance you should receive. Typically, this includes payment for unused vacation days and any owed bonuses or commissions. Familiarize yourself with employment laws in your area to ensure you're not missing out on any entitlements. If you're part of a union, consult your representative as collective bargaining agreements often provide additional protections.

3 Prepare Case

When preparing to negotiate, gather evidence that supports your case for a better severance package. This might include performance reviews, sales figures , or any awards or recognitions you've received. Demonstrating your value can make a compelling argument for why you deserve more than the standard package. Additionally, consider other non-monetary benefits that may be important to you, such as extended health insurance or outplacement services to help you find a new job.

5 Negotiate Fairly

Approach the negotiation with a mindset of finding a fair solution for both parties. Be clear about what you want but also be willing to listen to what the company can offer. Sometimes, you may need to compromise to reach an agreement that is acceptable to both sides. It's important to communicate respectfully and keep the conversation focused on your contributions and the value you've provided to the company.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?