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Standard severance terms?
Hi,
In the negotiation process for my new role in Toronto we have come up against the question of severance pay in my contract. In the UK I have three months notice plus one week for each year of service tax free if I am made redundant or severed without cause. As I understand it this is a bigger risk in Canada so trying to negotiate something better but I am told this is a large figure compared to the normal in Canada. Can anyone advise? Thanks Julie |
Re: Standard severance terms?
Originally Posted by Nibbles2005
(Post 7247502)
Hi,
In the negotiation process for my new role in Toronto we have come up against the question of severance pay in my contract. In the UK I have three months notice plus one week for each year of service tax free if I am made redundant or severed without cause. As I understand it this is a bigger risk in Canada so trying to negotiate something better but I am told this is a large figure compared to the normal in Canada. Can anyone advise? Thanks Julie |
Re: Standard severance terms?
I think reality is a somewhere between the two.
Both times its happened to me I got the legal min of two weeks, but also severance of 2 or 3 months pay....coincidentally having worked for about three years for them in both cases.... |
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