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State of the Economy: A Guide to Severance Packages

by Stephen Lytle on Sep 29th 2009 6:30AM

Severance, as defined by the American Heritage Dictionary is: "The state or condition of being severed or separated, as in the ending of a relationship." Nevertheless, as most of us know the definition, it is a company benefit, a parting gift, something to walk away with, and better than a watch at retirement (generally). However, unlike retirement, no matter what your pockets are loaded with when you leave that job you are still going to be left looking for a new job in a tough market.

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