What Is The Average Severance Package 2024. If you’ve been fired or laid off, you might have been offered severance pay — or you might be wondering if you can negotiate for it if you leave your job. As one of the uk leading payroll providers, we know how stressful it can be when managing redundancies within your business.
A severance package is a form of compensation that a company offers to employees that it lays off. Payment for remaining vacation days or sick days.