voluntary severence offered, not sure if its good deal.

helzbelz_57

thanks scottish, i have been considering leaving the company for a few months now, well since i became pregnant. my intention is to childmind, allowing me to be at home. the fact that this offer has come now has made that a lot more feasible. i need to find out if i am definitely entitled to the dependant grant.

Francesanne

helzbelz_57 wrote: »

my company announced job losses today, they are offering voluntary severence. the package that was offered is 7.25 weeks pay for every year of service inc partial years capped at 3 x annual salary. also included is up to £6100 for retraining/ education. what im asking is, is this a good offer. ive been there 4 1/2 years and based on that i would get a pay out of roughly £5500 and if i choose it, the education money aswell. partner says go for it but my parents are advising not to. the bit thats throwing me is the fact that i due a baby in may and was already considering not going back and instead becoming self employed. partner says might aswell get a pay off on top, but parents say not a good offer, stick with job. so confused. any help or advice much appreciated.

What a very generous company you work for. Thought my company was generous when they offered 4 weeks for every year worked. I worked for them for over 30 years so I'm not complaining and I thought they were being generous & I was very happy and satisfied with the payment. My husband worked for a company for 11 years and got nothing but that's a long involved story and not going to bore anyone with it.

helzbelz_57

all this feedback has been really helpful, thank you all, i had no idea before this all happened what was the norm for redundancy packages, so just needed advice. it really has helped me come to a decision.