For employers: How to
terminate and negotiate severance agreements
So, you've decided to fire your problem employee. What happens now? Well,
besides officially letting them know you have terminated them, you will
now need to negotiate severance agreements. Keep in mind that this is
an area where the former employee can take advantage of you. It helps
to know what you must do for severance agreements and what is optional.
Remember every situation is different. Even though some offerings like
severance pay are not necessary, they make the termination process go
much smoother.
Employee Relationship Management Continued
The types of severance agreements you may offer your employee will have
a lot to do with the grounds for termination. If you lay them off due
to a company restructuring, they will leave on better terms than if you
fire them for violating company policy. The reasons will affect the types
of severance agreements you will negotiate. No laws require you to offer
severance pay. However, you may choose to if the termination had nothing
to do with the employee's performance.
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