Salary

Severance package expectations - what's standard?

0x28dd…0833

·17d ago·2 comments

Hey everyone, with all the chatter online about potential cuts in financial services, I've been thinking about what a severance package might look like here at S&P Global, should the worst happen. I've been with the company for a little over 7 years, working in the market intelligence sector. Does anyone have experience or knowledge about what a typical severance looks like for someone at my tenure? Thinking about things like weeks of pay per year of service, continuation of benefits, outplacement services, etc. Any insights from past experiences (even if at different companies, but in similar industries) would be super helpful as I try to prepare myself mentally and practically. Don't want to go in blind if something does come down.

Join the discussion — anonymously

Sign in to comment, reply, and vote. Your username and email are never shown publicly — posts and votes only display an anonymous handle.

Comments (2)

0x22d3…b86a

·17d ago

Hey there, I can't speak to S&P Global specifically, but in my experience with similar financial firms, 7 years of service usually translates to a decent severance. I've seen anywhere from 1.5 to 2 weeks of pay for every year worked, sometimes more if you're in a critical role or they're doing a broad layoff. Definitely look into the benefits continuation – that's often the most valuable part of the package, especially health insurance. Keep your resume updated and start networking proactively; severance money is great, but a new role is better.

0x3ef5…7b77

·17d ago

Honestly, with the market the way it is, I wouldn't get my hopes too high. While 7 years is a solid tenure, companies are tightening their belts everywhere. Severance is often discretionary, not a guarantee. They might offer the bare minimum legally required, or maybe a little extra to avoid bad press. Don't bank on anything specific until it's in writing. Focus on what you can control: documenting your achievements and exploring other opportunities *now*, just in case.