What is a Severance Package? You've just been notified of your last day of employment. Your supervisor hands you a severance agreement and release, and your mind is flooded with questions about your severance package. If you are an employee at will, your employer can terminate you at any time, without notice and with or without severance. After the shock, here are nine things you should consider when reviewing a severance package agreement and managing the transition from one company to your next opportunity. 1. Last Paycheck vs. Severance Package For most people, the first questions that c... view article details

You've just been notified of your last day of employment. Your supervisor hands you a severance agreement and release and your mind is flooded with questions. How can this happen? Can they do that? Unfortunately, if you are an employee at will your employer can terminate you at any time, without notice and with or without severance. After the shock, here are a few things you should consider when reviewing a severance agreement and managing the transition from one company to your next opportunity. 1. Last Paycheck vs. Severance Package For most, the first questions that come to mind are "what's... view article details

How to Counter A Job Offer To Get A Higher Pay In the world of salary negotiation, there’s an important word that comes up quite often: Leverage. By definition, it means using a situation or advantage to obtain a desired result, in our case, negotiating a higher salary. When you’re looking to gain leverage, it often comes as a result of having other options. Someone who already has a steady income in a job has more options than someone who has been out of work for 6 months with bills piling up If you have in-demand skills, such as a mobile software development, you’re going to have mor... view article details

A pay philosophy is a company's commitment to how it values employees. A consistent pay philosophy gives the company and the employee a frame of reference when discussing salary in a negotiation.The goal of a pay philosophy is to attract, retain, and motivate employees. For companies in the private sector, this usually requires a competitive pay philosophy. For companies in the public sector, this means a well-rounded philosophy, with a focus on benefits and work life.Companies attract, motivate, and retain through total compensationThe purpose of a good compensation philosophy is to attract, ... view article details

Paul Levy and Farzana Mohamed have written a book to help new arrivals to the job marketplace, college students and others who have been offered a position but are not quite sure how to negotiate the terms of their job with their new prospective employer. They start their book, How to Negotiate Your First Job, with this story:Karim, soon to be a college graduate, was stunned into inaction, paralyzed by an unforeseen opportunity. In the midst of a recession, with an unemployment rate topping 9 percent, he had been offered a job.The e-commerce company at which he had just spent the summer as a s... view article details

How to Ensure Efficiency While Employees Work from Home Have a strong organization. In the midst of this global coronavirus pandemic, companies which are fortunate enough to remain open have shifted to a work from home model. While embracing this new, temporary normal, strong management is needed to organize staff and remain productive while in isolation. One method to achieve this is to set up standard daily meetings at a fixed time to check in on your team, define goals, and get a reading on how everyone is coping during this trying time. This allows for communica... view article details

Know Which Interview Questions Employers Can & Can't Ask You During a Job Interview This article was submitted by the U.S. Office of Special Counsel for Immigration-Related Unfair Employment Practices, to follow up on an earlier Salary.com piece regarding illegal job interview questions. Employers must know that while they have the obligation to obey immigration law by hiring only authorized workers, they also must not violate anti-discrimination laws when hiring or firing workers. The Office of Special Counsel for Immigration-Related Unfair Employment Practices (OSC), in the Justice Depar... view article details

The movement of people into, through, and out of an organization is a well-studied phenomenon. It is described variously as recruiting, attrition, retention, growth, layoffs, internal mobility, development, or reorganization. Much of the academic study on the topic sees the question as one of ‘employee turnover.’ Employee turnover is the rotation of workers around the labour market; between firms, jobs and occupations; and between the states of employment and unemployment Abassi et al. (2000). The term “turnover” is defined by Price (1977) as: the ratio of the number of organizational members... view article details

When I talk with chief-chiefs of major-major corporations about joining my extremely expensive Partners in Fabulousness program, I know they will have just one question: How could we live without you?It would take more than generally accepted accounting principles to detract from my flair for making each individual corporate officer believe that of all the stars in my firmament, he or she shines the brightest. I just wear my Cazal sunglasses to the meeting so my prospective clients can admire themselves in the reflection, and before long even the most curmudgeonly executive is signing the cont... view article details

Q. A coworker recently moved, and the owners decided not to hire a new employee. The office manager and I are splitting the extra duties. Would this be a good time to request a raise, since I am now doing more work at the same pay rate as before?A. It depends on what tasks you're being expected to take over and on how these new tasks have changed the impact, scope, and responsibilities of your job. Just because the company has increased your tasks does not mean the value of the job has increased.In many cases, a company may increase the number of tasks in someone's current job function without... view article details