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What to Expect In a Severance Package

Nov 17 2008 - 11:30am

Severance packages are like parting gifts from an employer that say 'sorry things didn't work out.' Forty-five percent of you said you'd volunteer to give up your job [1] if your boss asked for volunteers, and if that were reality you'd be rewarded with a severance package.

Because most companies use their own formulas for determining severance, it's difficult to predict how much severance you'd get should a pink slip come your way. CNN Money talked to several human resources [2] experts about the severance patterns they've been tracking. To see what you could expect in a severance package, .


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