Severance can help cushion the
blow of a layoff or firing. But let’s
be honest: Most companies offer
it with more than just employees’
interests in mind. “We live in a very
litigious society, particularly in the
employment space,” says Jonathan
A. Segal, an employment attorney
with Duane Morris LLP in Philadelphia. “Employers can buy peace
by providing severance or other
benefits in exchange for a [signed]
release” stating that the departing
worker won’t sue the company.
In a tough enforcement climate, think
twice about asking departing workers to
waive their rights.
In a tough enforcement
climate, think twice about
asking departing workers
to waive their rights.
By Rita Zeidner