SEVERANCE

A severance package may include various components. Ranging from extended employment to cash benefits to ongoing outplacement advice.

Ideally, part of the pay-off should be used to invest in an outplacement - if the company does not provide it - or to upgrade from a limited consulting package offered by the company to ongoing advice. Ultimately, it is critical for an employee who has been made redundant to find a new job as quickly as possible rather than relying on time-restricted support. Professional outplacement consultancy offers tangible support for professional reorientation (as well as tax advantages).