Tag: severance-pay

Learn what redundancy pay (severance) is for layoffs and position eliminations, typical formulas (1-2 weeks per year of service), WARN Act requirements (60 days notice for mass layoffs at employers with 100+ workers), continuation of benefits, state-specific requirements, and negotiation strategies for severance packages.

Learn what payment in lieu of notice means, when employers pay workers instead of requiring notice periods, how PILON is calculated, legal requirements, tax implications, and whether employees can refuse payment in lieu of notice.