How To Negotiate Your Severance Package

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How To Negotiate Your Severance Package

How To Negotiate Your Severance Package

EMPLOYEE LETTERHEAD (Optional)

{{employee_name}}

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DATE

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ADDRESSEE (HR/Management)

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{{company_name}}

{{company_address}}

SUBJECT: Severance Package Negotiation – {{employee_name}}

Dear {{addressee_name}},

INTRODUCTION AND ACKNOWLEDGEMENT OF TERMINATION

This letter serves to formally acknowledge receipt of your communication dated {{termination_date}} regarding the termination of my employment with {{company_name}}, effective {{effective_termination_date}}. While I understand the company's decision, I wish to discuss the proposed severance package to ensure a mutually agreeable resolution.

PROPOSED SEVERANCE PACKAGE REVIEW AND COUNTER-OFFER

I have reviewed the severance package initially offered. While I appreciate the company's offer, I would like to propose the following adjustments to reach a fair and equitable settlement, considering my {{number_of_years}} years of dedicated service to {{company_name}} and my contributions to {{mention_key_contributions_briefly}}.

Specifically, I propose the following:

1. **Severance Pay:** An increased severance payment equivalent to {{number_of_months_severance}} months of my current gross salary, totaling {{proposed_severance_amount}}. (Reference: Typically 1-2 weeks per year of service, but can be negotiated for more depending on company policy, industry standards, and individual circumstances).

2. **Bonus and Commissions:** Full payment of any outstanding bonuses, commissions, or pro-rata bonuses for the current performance period, totaling {{bonus_amount}}.

3. **Leave Payout:** Payout for all accrued and untaken annual leave days, sick leave days (if applicable by policy), and any other statutory leave entitlements, totaling {{leave_payout_amount}}.

4. **Benefits Continuation:** Continuation of medical aid benefits, provident fund contributions, and other employee benefits (e.g., life insurance) for a period of {{number_of_months_benefits}} months post-termination.

5. **Outplacement Services:** Provision of professional outplacement services, including CV drafting, interview coaching, and job search assistance, for a period of {{number_of_months_outplacement}} months.

6. **Reference Letter:** A positive, neutral, or agreed-upon letter of reference outlining my dates of employment, roles, and key achievements.

REASONING FOR PROPOSED ADJUSTMENTS (Optional)

My proposed adjustments are based on {{explain_reasoning_e.g._market_standards_personal_circumstances_or_company_precedent}}. I believe this revised package fairly acknowledges my commitment to {{company_name}} and provides reasonable support during this transition period.

CONFIDENTIALITY AND NON-DISPARAGEMENT

I am prepared to enter into a standard confidentiality agreement regarding the terms of this severance package and a mutual non-disparagement clause, as is customary in such agreements.

NEXT STEPS AND DISCUSSION

I am open to discussing this proposal further and reaching a mutually beneficial agreement. Please let me know your availability for a meeting to discuss these terms in more detail by {{response_date}}.

CONCLUSION

Thank you for your time and consideration of my proposal. I look forward to your prompt response.

SIGNATURE BLOCK

Sincerely,

{{employee_signature}}

{{employee_typed_name}}