3 Points to Negotiate When You're Losing Your Job
 |
| 3 Points to Negotiate When You're Losing Your Job |
You work for a firm that has been experiencing a lot of change and turbulence. The word is spreading about layoffs, and you're worried you'll be next. If you've been an exceptional employee and the layoff is not due to anything you've done, make sure you ask these three questions when you get your pink slip.
1. Request a letter of reference
You may utilize this to assist you in getting that new job since having a letter praising you and your achievements would be helpful. This will demonstrate to potential employers that your termination was a business decision, not the result of any wrongdoing on your side. Most individuals forget to inquire about this, making it harder to return later and request one.
2. Ask about severance compensation
You are not automatically guaranteed anything unless it was specifically stated in your employment contract when you were employed. Typically, one week of severance pay is provided for each year of employment with the firm, although this may be negotiated. And, particularly if you've just completed a big assignment, received an accolade, or met a key goal, be sure to remind them. It may buy you another week of severance money that they did not intend to provide.
3. Are you eligible for unused vacation pay?
In most circumstances, the answer is negative. Some firms enable you to carry over unused time from one year to the next, but others have a use-it-or-lose-it policy. Most employers will clarify their policies in the employee handbook, but requesting payment for unused vacation money may result in a few additional cash payments you may use right now.
You may not get any severance or vacation money, particularly if you do not request it. Remember, this is a terrible circumstance for your supervisor as well, so he or she may be ready to offer you more than you expected. You won't know until you try, and the worst thing they can say is no. If the opportunity to ask these questions passes, it is unlikely that you will have another. Knowing what to ask for ahead of time might give you the courage to advocate for yourself at this tough moment.
You may not get any severance or vacation money, particularly if you do not request it. Remember, this is a terrible circumstance for your supervisor as well, so he or she may be ready to offer you more than you expected. You won't know until you try, and the worst thing they can say is no. If the opportunity to ask these questions passes, it is unlikely that you will have another. Knowing what to ask for ahead of time might give you the courage to advocate for yourself at this tough moment.
Summary
Do you know what to ask for after a job loss? These three topics may be worked out throughout this tough period.