My question involves labor and employment law for the state of: NJ
My company has been executing consistent RIFs (reductions in force) in small chunks for the past several years. Job functions have been largely offshored and many individuals in my department have already been let go.
I expect that my time is coming shortly. My question is, has anyone had any particular experience and/or success in negotiating against a "standard" severance package that is offered by a company?
My situation is that I am a male, approximately 50 years old, approximately 20 years employed by the company. My performance reviews have been consistently good, and I have always been ranked among the top in my position during evaluations.
I've been told that the company offers a package of 2 weeks pay per year served + unused vacation pay + pro-rated bonus and some job placement services, either as a lump sum or continuing pay until exhausted, in exchange for waiver of whatever rights one may have.
Given my age and the current job environment, I'm hopeful that there is some proven strategy to negotiate something better.