Severance- what should you receive?

shakeUnemployment is up to 6.7%! I know many individuals that have been laid off over the past year and it doesn’t lo0k like we are going to see a slow down anytime soon! Fortunately most that are laid off  receive a severance along with all of their vacation pay whether you work for a private or public co. According to a Typical salaried (non-union) severance benefit is two (2) weeks pay for each year of service — to a maximum of 26 weeks.

Typical executive severance benefit will be in the 6 to 12 months range.

For those that are just cut loose without a severance (rare but can happen), talk with your employer and hope that humanity wins out if not look into the State and Federal Laws regarding severance packages.

For more see Severance Packages.


A trait that goes ignored by most individuals in my experience. If one is to respond whether it be good or bad news it is still a response. Don’t you appreciate a response?

Looking for some small business ideas? How about a book to get started?


201 Great Ideas for Your Small Business
by Jane Applegate

101 Small Business Ideas for Under $5000‎
by Corey Sandler

The Teenage Entrepreneur’s Guide: 50 Money-Making Business Ideas‎
by Sarah  L. Riehm

Developing New Business Ideas: A Step-by-step Guide to Creating New Business …‎
by Andrew Bragg

If anything these boks will get the wheels turning.