What is another word for severance pay?
[ sˈɛvəɹəns pˈe͡ɪ], [ sˈɛvəɹəns pˈeɪ], [ s_ˈɛ_v_ə_ɹ_ə_n_s p_ˈeɪ]
Related words: how much severance pay, how do I calculate severance pay, what is the difference between severance pay and unemployment benefits
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Similar words for severance pay:
Synonyms for Severance pay:
n.• Other relevant words: (noun)
v.• discharge (verb)
- golden handshake,
- combat pay,
- flexible benefits,
- company car,
- double time,
- expense account,
How to use "Severance pay" in context?
When an employee is terminated or leaves their job, they are generally entitled to receive some form of severance pay. The amount of severance pay that an employee is entitled to will vary depending on the circumstances of their termination, but in most cases it will be at least some amount of money. The purpose of severance pay is to help the employee financially during the transition period after their employment ends.
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