Severance Package
I live and work in Mississauga, Ontario, Canada. I am 52 years old, have 32 years of work experience, 20+ years in sales. My boss recently asked me if I was happy in my current sales job (I said I was but I’m not) and said if I wanted out he’d give me a package. I’m one of the top producers and currently make $90K in salary, $10k in bonus. I’ve worked for Company A for 8 years, but was not always on a salary. I was on straight commission for the first 4 years, then switched to salary plus bonus the last 4 years (to even out my pay fluctuations). Company A employs me, and all the sales reps, and owns the accounts, for Company B. Company B makes the products that we sell. In essence, a lot of people’s jobs at Company B are directly impacted by us reps, at Company A, and vice versa. And because of this, each company’s employees must work together to achieve results, but lately the employees at Company B are affecting my sales (which is why I’m not happy). My boss and the President at Company B talk regularly-ish to ensure everyone is contributing. And I’ve been told, changes to personnel at Company B are going to be made in Sept.
Given my age, work experience and achievements with Company A (and B), if I were to leave and ask for a package, how much severance would I be entitled to?
What amount would be considered a reasonable package?
Would I be given more if they “forced me out?”
Given my employer is Company A, but my sales directly impact Company B, could I be compensated from both companies or only Company A?
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Last week we celebrated World Gratitude Day, and this week is kicked off with World Dream Day.
These aren't fluffy, feel-good days.
Well, they don't need to be, if we give them their proper attention.
Gratitude contributes to our well-being, joy and success. Cultivating more of it on a regular basis has dramatic, positive impacts on our work and life, and it's free and easy to access. If you missed my post about it and how to add more of it to your life -- and why you career will love you for it -- you can read it here: https://lnkd.in/esH9v5qX
In a similar spirit, we have all the power within us to dream big, act on these dreams and support others as they pursue their biggest aspirations.
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In today's post on my blog "Reimagine," I share 11 ways to bring your dreams to life and the transformative implications that can have on your work life: https://lnkd.in/eTFFma7w
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Hello!
My manager, the second one I’ve had in my 2 years in this position, is leaving.
Ok, so my organization is great- great people, work-life balance, benefits, etc. However, since I’ve been there (will be 2 years in November), both of my managers i had have/are going to leave for really great opportunities outside of our org. While I’m super happy for them, i am concerned about how it’ll potentially impact my career growth. I’d still be doing the same work just reporting to new people, which may change as they hire on a replacement. Which is annoying to start the manager/employee relationship all over again.
My manager is leaving in a few weeks and is invested in making sure there’s a plan in place for who i report to when they’re gone. I guess my question is what would you ask them/consider during this transition phase? I was hoping to start the “it’s been 2 years, I’d like a raise or at least something to help with inflation” conversation but I hate doing this, it’s always so awkward. At the same time, it may be best to get the ball rolling on that to see what can be done prior to my manager leaving?
any advice is welcome, thank you :)
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Hi all - ok this is a first.
The new boss, promoted from within, and I are a bad fit, to put it mildly. I put in my two weeks’ notice, and she replied that I could leave tomorrow.
Here’s the twist: I WANT to stay for two weeks, to put files in order, to coordinate with co-workers the processes for future events, and to finish setting up a Dropbox account for my department. Most of all, I work in a retirement community, and want to ease these beloved residents into the knowledge that their trusted friend is leaving them in good hands. They just lost the last ED without notice and took it badly.
This new boss rules with a cudgel. She starts all discussions with No you can’t do that. She changes my plans on ginned-up reasons (e.g. she canceled my bus trip due to “insurance changes” which had nothing to do with the trip). She lays down the law, and when advised of an error, she doubles down and tries to blame the victim of her error. She refers to staff members as “bodies,” and cares for the residents based on the level of their rent checks. I can’t get away from her fast enough.
Still, I have a good plan for leaving, and as you can tell from the above description of her, any discussion is going to go badly.
any and all advice is much appreciated!
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