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Standard severance terms?

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Old Feb 4th 2009 | 12:40 am
  #1  
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Arrow 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
 
Old Feb 4th 2009 | 12:47 am
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Default Re: Standard severance terms?

Originally Posted by Nibbles2005
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
In Ontario, in a permanent job, it's usual to have two weeks notice and payment for the two weeks whether worked or not. When terminating someone who holds a contract position it's customary to pay the person for the remainder of the day of termination but I don't think that's a legal requirement. Anything can be negotiated but, generally, employees have little in the way of rights here.
 
Old Feb 4th 2009 | 1:43 am
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Default 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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