A severance package is pay and benefits an employee receives when he or she is asked to leave a company.
Why this Matters
For My Organization
Providing severance pay helps employees and their family’s stay financially secure while finding alterative means of supporting themselves. It also makes your organization appealing to potential hires.
For New Orleans
Severance packages keep individuals and families financially secure through unexpected financial turmoil. Giving New Orleanians a sense of security promotes a stronger City.