5 Things Every Executive Should Know About Negotiating Severance Package in Montreal and Quebec

Don’t just sign your severance offer: if you signed it, then you’re stuck with it. Find out if this is a good or bad offer before the accept, not after. After that, there is almost never anything to do.

It seems obvious, we know it, but it must be said. Getting practical advice from an employment law expert will help you make quick decisions. Employers usually don’t leave offers on the table for endless periods of time. By consulting a expert experienced in thousands of severance benefits, you can quickly get accurate and practical advice, allowing you to act quickly. Any credible and honest expert can also help you understand what has been offered to you and whether it is worth accepting or not.

It’s easy to lose sight of when you’re in the middle of stressful situations, and being fired and/or negotiating severance packages is definitely considered a stressful situation. However, it is important not to get carried away. It is far too easy to form impressions that are difficult to give up but do not serve you well in a real or practical sense. For example, some plans may seem like a great deal when they actually aren’t. You may be legally entitled to much more, the restrictions they want to enforce can bother you too much, and again and again. Other plans may seem very unfair due to all the effort you’ve put in, but it may actually be a generous offer based on your legal rights. These things vary. That’s why it’s always important to consult an expert who can let you know where you stand. Remember to keep an open mind and not jump to a preventive judgment.

It seems like common sense, as we know, but again, it’s very easy to lose perspective. Losing your job is a traumatic experience. A bad offer will not make this disappear. All it will do is close the doors and leave you stuck with a hasty decision. A bad offer is a bad offer. There is no other way to look at it. Don’t accept it and make a decision that you might regret in the long run. Contact an expert and get things done from there. If you have any concerns or just want to get rid of them as soon as possible, tell your lawyer. Don’t shoot yourself in the foot to try to finish it. Remember that once you accept, you cannot retract, so do not accept.

Sometimes termination offers are extremely good. It’s important to remember that just because you got everything you deserve without a fight doesn’t mean you should automatically reject it. It doesn’t always mean there’s more to be had if you do not

choose to fight.

The takeaway is this: it’s fair and equitable to stand up for your rights when an offer is unfair, but you also shouldn’t fight if you’ve received a good offer.