About » Employment Law Severance Agreement

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My company had a downsizing, what's the law w/ regard 2 signing a severance agreement that u don't agree with?

Here's what's going on: my company is laying off 20% of those people who "don't perform." They're going back 3 years, looking at sales numbers, and cutting the lowest 20%. Unfortunately, I had a bad 2004, but 2005 & 06 were great years (all documented). I have 2 counterparts that have only been with my company a little over a year. When it comes time to crunch the numbers, they'll only be measured by 2006's data (my best year and their ONLY year). I've got 1 bad year, 2 good years; they get 1 good year that counts as 3. THAT REALLY DOESN'T SEEM FAIR - AND I KNOW LIFE ISN'T FAIR - BUT CAN I DO ANYTHING ABOUT IT?

I'll be seeking future employment in sales, so when asked by my company to sign something that says "low performer" on it, should I sign it? Is it difficult for the HR dept. of a company to add an addendum stating that I was not let go due to poor performance?

I still don't know my fate... but it's right before Christmas. Nice Christmas present, huh?

If you know for sure you are on your way out, don't sign it.
All your HR dept can say is that you worked there and are elibible for re hire. Meanwhile line something else up quick. Its best if you can segue into something eles and have one or two jobs between your current one and the next place you really want to be.

Things to Consider Before Signing that Severance Agreement

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One Response to “About » Employment Law Severance Agreement”

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