You've been laid off. How can you negotiate a better severance package?

1 Know your rights

Before you start negotiating, you need to know what you are entitled to and what you can ask for. Depending on your contract, you may have a minimum notice period, a severance pay, or a continuation of health insurance or other benefits. You should also check if there are any clauses that restrict your ability to work for another organization or apply for other grants. If you are part of a union or a professional association, you may have additional rights or support. You should also review your performance reviews, awards, and achievements, as they can be used as evidence of your value and contribution.

2 Do your research

Once you know your rights, you need to do some research on what is the market standard and what is reasonable to ask for. You can look at the policies and practices of other organizations in your field, the average salary and benefits of grant administrators, and the current demand and supply of grant opportunities. You can also consult with a lawyer, a career coach, or a mentor who can advise you on your options and strategies. You should also assess your financial needs and goals, and how long you expect to be out of work.

3 Be professional and respectful

Negotiating a better severance package is not a personal attack or a sign of weakness. It is a business transaction that requires professionalism and respect. You should avoid being emotional, aggressive, or defensive, and instead focus on the facts and the value you have provided to your employer. You should also acknowledge the challenges and constraints that your employer may be facing, and show that you are willing to cooperate and compromise. You should also keep all your communications in writing, and document every offer and agreement.

4 Ask for more than money

A severance package offers more than just money; it can also provide additional benefits and services to support your career transition. Consider asking for an extension or conversion of health insurance or other benefits, a positive reference letter or LinkedIn recommendation, a waiver or reduction of non-compete or non-solicitation clauses, professional development support such as training, coaching, or certification, access to your employer's network, contacts, or resources, and the retention of your work samples, portfolio, or publications.

5 Be flexible and creative

Negotiating a better severance package is an individualized process, depending on your situation, your employer's situation, and the market conditions. You should aim to find a win-win solution that works for both parties, and consider different scenarios and alternatives. You might accept a lower severance pay in exchange for a longer notice period or a better reference, agree to a lump-sum payment instead of a monthly payment, offer to complete some projects or tasks in exchange for higher severance pay or a longer benefit period, or propose a consulting or freelance arrangement with your employer. It is important to be aware of your rights, do research, be professional and respectful , ask for more than money, and be flexible and creative. Negotiating can be challenging but it can also be rewarding; it can help you secure financial stability, maintain your professional reputation, and prepare for your next career move.