Here's how you can evaluate whether to accept a severance package after a layoff.
Being laid off can be a challenging experience, but understanding your severance package is crucial to making informed decisions for your future. A severance package is a collection of pay and benefits offered to an employee upon termination, which may include compensation, continued health insurance, and other perks. While it may seem tempting to accept immediately, it's important to evaluate the offer thoroughly to ensure it aligns with your needs and future plans. In workplace safety, as in all areas of employment, knowing your rights and the details of your severance can safeguard your well-being after a layoff.