3 Points You Should Negotiate When You Are Losing Your Job

It’s never easy to lose your job, but it can be a lot easier to deal with if you know how to negotiate. In this article, we are going to cover three points that most people don’t know about and will help increase your odds of getting the best possible severance package.

1) ask for a letter of recommendation or at least an informational interview with one or more managers in the company; 2) ask for any unused vacation time or sick days; 3) ask for a reference letter and list of contacts in their contact database.

Here is a little more information on each of these points and why you should ask for them.

1) Ask for a Letter of Recommendation or at Least an Informational Interview

The first thing you need to do when you are losing your job is to make sure that you don’t burn any bridges. Asking for a letter of recommendation or at least an informational interview with one or more managers in the company will allow you to stay in touch with people inside the company, which can possibly turn into future job leads. At the very least, it will let them know that your experience and skill set is still valuable and they won’t hesitate to recommend you to their contacts.

2) Ask for Any Unused Vacation Time or Sick Days

This one is pretty straight forward. You are being let go, so you might as well get something out of this, even if it’s just some unused vacation time or sick days. If you worked for the company for more than a few months and were fired without cause, then you should be able to claim unused vacation time and unpaid wages through the state labor board. Check your employment contract or talk to an attorney if you have any doubts on whether or not this is possible. This will also force them to pay out your final paycheck immediately instead of waiting until the end of the month.

3) Ask for a Reference Letter and List of Contacts in Their Contact Database

This point is not about making you look good; it’s about protecting yourself. Asking for a reference letter and a list of all the employers that they have in contact with will (1) give you something to show potential future employers, (2) let them know that they are not getting rid of you against your will, and (3) make them think twice before firing anyone else. This is especially important if they are still planning on rehiring someone who worked at the company less than a year or has been fired with immediate cause.

We hope this article has been helpful and that you are able to get the best possible severance package when you know how to negotiate.

Comments on this article have not been generated by the blog owner or publisher. To add a comment, please login, or register if you are not a member. Thank you.

<< Back to the Blog List

The article was written by Entrée Financial. Entrée’s goal is to provide businesses with the tools, information and guidance they need to become more successful. We also run a popular blog that covers topics related to accounting, finance and business planning. Over the past year, it has become one of the most popular accounting blogs in Canada and we receive thousands of pageviews from around the world each month. To learn more about what we do please visit us at: http://www.EntreeFinancial.com .

Note 1: This blog does not constitute legal advice or opinion. Any person seeking legal advice or opinion should contact a lawyer licensed in their local area.

Note 2: Entrée Financial is a member of the Chartered Professional Accountants of Canada.

Subscribe to the blog today to receive new posts in your email inbox! Email * Name * First Last

You can unsubscribe at any time by clicking the opt-out link at the bottom of any email. Please note that if you opt out, you will still be subscribed to our blog and will still receive emails containing other free resources, such as information about local Chamber of Commerce events and company news articles.

Email Marketing by VerticalResponse

Effective date: July 1, 2018. | Terms of Service Return to Home Page | Return to Blog List | Return to Top of Page More from this Blog: Link To Us | About Us Copyright © 2017 Entrée Financial Inc. All rights reserved.Privacy Policy . Effective date: July 1, 2018. | Terms of Service _____ _ _ ____ FAQ Home Page - How to Negotiate When You Are Losing Your Job [ARTICLE] - [COMMENTS] - [BLOG] FAQ - About US © 2017 Entrée Financial Inc. All rights reserved.

ENTREE FINANCIAL INC.

BBB Member - A+ Rating

ABN: 44 933 693 599 - ACMR ID: 1176226.

ACPMR ID: 1176226 -- ACPSC ID: 4783731

ACPRM ID: 287214 .

The information provided on this website and in any materials posted by Entrée Financial Inc. (hereinafter called "we", "us" or "our") is intended for informational purposes only and is not to be construed as legal, tax, accounting or other professional advice. We do not represent that the information on this site is current, complete, correct or error-free. In addition, the information provided on this website and in any materials posted by us does not constitute a solicitation for the purchase or sale of any securities issued by us or by any member of our family. The material on this site may also contain certain "forward-looking statements" within the meaning of Canadian securities laws. Such statements may include references to future expectations, plans, projections and similar matters relating to our business. These statements are only predictions and actual events or results may differ materially.

Conclusion

The next time you are let go with no severance, make sure that you know how to negotiate. Hopefully, this article will help you get a better severance package when the time comes and make this transition much less stressful.

About the Author:

Andreas C. Müller

Entrée Financial Inc | A+ Rating | BBB Member ID: 1176226 Registered Office: 2200-202 Burrard Street Vancouver BC V6Z 2V7 © Entree Financial Inc. All rights reserved. Terms of Service and Privacy Policy . Effective date: July 1, 2018.

3 Points You Should Negotiate When You Are Losing Your Job

3 Points You Should Negotiate When You Are Losing Your Job

Post a Comment

Contact Form