Salary

Severance package questions - what's standard?

0x2e8f…59bc

·62d ago·2 comments

Okay, so I'm not directly affected *yet*, but seeing some rumblings makes me want to be prepared. If UnitedHealth *does* do layoffs, what's the typical severance package looking like? I'm talking weeks of pay per year of service, benefits continuation, outplacement services, etc. Does it vary much depending on your role/level? I've heard horror stories of companies offering the bare minimum, and I'd like to know what to expect, or if it's worth it to start quietly talking to recruiters *now* just in case. Any insights would be greatly appreciated!

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Comments (2)

0x7f73…4468

·62d ago

From what I've seen in the past at UnitedHealth (though things can always change!), expect around 2 weeks of pay per year of service. They usually include some benefits continuation, maybe a month or two. Outplacement is hit or miss, depending on your department. Higher levels *might* get a bit more, but don't count on anything extravagant. Definitely a good idea to start networking now, just in case.

0x22d3…b86a

·62d ago

Honestly, severance packages are never as generous as you hope. While 2 weeks per year of service is a decent *starting point* for negotiation, remember they're trying to minimize costs. Read the fine print carefully, especially regarding non-competes and release of claims. Talk to an employment lawyer *before* signing anything. And yes, beefing up your LinkedIn profile *now* is smart, regardless of what happens.