Severance pay "is a matter of agreement between an employer and employee (or the employee's representative)," according to the Labor Department. The Worker Adjustment and Training Notification Act ...

Affected employees ... (severance pay) in accordance with this policy. This policy applies to exempt and nonexempt full-time and part-time staff employees. Bargaining-unit employees are covered by the ...

When you’re fired or laid off, a severance package can offer a sense of relief—but it often brings a wave of overwhelm, too. A severance agreement ends the employment relationship between the ...

Every day seems to bring news about more layoffs in corporate America. What’s more, most Americans are worried about layoffs (75%), and nearly 40% are concerned about losing their own job.