severance package

USAGE SUMMARY

"severance package" is correct and usable in written English.
You can use it when referring to the money, benefits, or compensation that an employee receives when they are laid off from a job. For example, "The company offered a generous severance package to all of the employees they laid off."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

This is your severance package".

The New Yorker

Bill Donohue calls it "a severance package".

The New York Times

"This is my severance package".

The New York Times

I make of that: severance package agreed.

The Guardian - Sport

"It was a severance package," Mr. Weeks replied.

The New York Times

Employees have until Jan . 24to accept a severance package.

The New York Times

She may also negotiate a separate severance package.

The New York Times

Mr. Hayward is still negotiating his severance package.

The New York Times

He's also going to get a huge severance package.

The New York Times - Magazine

Mr Newman is expected to receive a substantial severance package.

The Guardian - Business

Terms of Mr. Brown's severance package were not disclosed.

The New York Times

Expert writing Tips

Best practice

When discussing a "severance package", be specific about what it includes, such as salary continuation, benefits, outplacement services, and non-disclosure agreements.

Common error

Don't assume a "severance package" is the same as accrued vacation pay or retirement benefits. Severance is typically additional compensation offered upon termination.

Linguistic Context

The phrase "severance package" functions as a noun phrase, typically serving as the subject or object of a sentence. It refers to the compensation and benefits an employee receives upon termination of employment. As Ludwig AI confirms, this is a standard and accepted usage.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

30%

Academia

15%

Less common in

Wiki

5%

Science

3%

Reference

2%

Ludwig's WRAP-UP

The phrase "severance package" is a common and grammatically sound term referring to the compensation and benefits provided to an employee upon termination. Ludwig AI validates its correctness and widespread usage. Predominantly found in news and business contexts, it's crucial to specify the package's components, such as salary continuation, benefits, and outplacement services. Avoid confusing it with accrued vacation or retirement funds. Negotiating the "severance package" is possible. Alternatives include "departure compensation" and "termination benefits". Always clarify what the "severance package" includes and the factors that influence its terms to ensure mutual understanding and legal compliance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

termination benefits

Highlights the advantages and entitlements received at the end of employment.

departure compensation

Focuses on the financial compensation element of leaving a position.

redundancy payment

Specifically refers to payments made due to job redundancy.

separation agreement

Highlights the legally binding document outlining the terms of departure.

outplacement services

Emphasizes the support and resources provided to help find new employment.

transition assistance

Focuses on the help provided to ease the move to new opportunities.

golden parachute

Implies a very generous severance package, typically for executives.

resignation settlement

Suggests a negotiated agreement upon voluntary departure.

contract buyout

Refers to buying out the remainder of an employment contract.

exit gratuity

Emphasizes a voluntary payment or reward given upon leaving.

FAQs

What is typically included in a "severance package"?

A "severance package" typically includes severance pay (based on tenure), continuation of benefits (like health insurance), outplacement services to help find a new job, and sometimes stock options or other bonuses.

What factors influence the size of a "severance package"?

The size of a "severance package" can depend on factors like the employee's position, length of service, the reason for termination, and company policy. Contractual agreements and negotiations can also play a role.

Can I negotiate my "severance package"?

Yes, in many cases you can negotiate your "severance package". It's advisable to review the offer carefully, understand your rights, and seek legal counsel if needed to ensure you receive fair compensation and benefits. Especially, consider what are your possible "outplacement services".

What are some alternatives to "severance package"?

Alternatives to "severance package" include "departure compensation", "termination benefits", or "separation agreement", depending on the specific context.