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122: Employee Severance Agreements

A release without a severance payment won’t hold any water.

You have to provide “consideration” in exchange for your employee’s waiver of their rights to sue. I was talking to a friend this weekend and she told me about a recent employee termination experience. Her employee didn’t show up for work one day so so she called her. The employee said she didn’t want to work…

About the author, Thomas

I have 20 of years insurance industry experience in C-level management, focusing on all aspects of workers compensation, risk management, loss control, employee benefits, HR, payroll and professional employer organization (“PEO”) operations. Currently, I am the owner and CEO of Humanly HR, and founder and host of SmallBiz Brainiac; a podcast providing employer intelligence to small business owners.

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