The company has offices around the country, including one in Irvine. The minimum severance in the last survey was four weeks for officers and executives, and two weeks for exempt and non-exempt workers. On the maximum end, the median severance amount was 26 weeks for all levels. You're most likely to get severance if your company is downsizing or your job is being eliminated. Only one in four companies offers severance in cases when a person is fired for performance.
Severance can be a lump sum or continued paychecks.
Payments do not stop if employment is found before the severance runs out, and medical benefits are continued during severance. Hourly workers often receive access to group programs.