Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Severance negotiation and COBRA coverage
#15
This is a negotiation. What you can get depends on what they want and how much they want it.

If they want an NDA really really badly, they will be willing to give you more. If they don't care about the money that much, they will be willing to give you more.

My approach, which recently worked very well for me in a non-work negotiation, is "This has been a good relationship; I've enjoyed working here, and I think my work was well regarded. I'd like to be able to say good things in the future, or sign the NDA. While I appreciate the severance package, tight now, it doesn't work for me.

What I need is ($X, health care Y, whatever else Z). I hope we can reach agreement on this, so that we can continue our good relationship going forward.

You're entitled to the COBRA no matter what, I believe, or you could go on the Obamacare marketplace, because this is a life event (you should double-check that). They can certainly withdraw the severance package if they want to to, based on your negotiation. I think that's unlikely-I had a severance package one time where I politely asked for double the money. They turned me down, but didn't withdraw the package.

The real issue for you is whether you're willing to walk away from the package. If you are, you could make initial pitch stronger "I want you to know that this just isn't acceptable to me, and if this is your final offer, I won't be accepting it. I hope it doesn't come to that, as I'd like to continue our good relationship."

Hope this is helpful.
Reply


Messages In This Thread
Re: Severance negotiation and COBRA coverage - by anonymouse1 - 04-22-2022, 08:50 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)