After you get terminated
If you are a job seeker, one of the most important skills you need to develop is negotiating for a better compensation when you leave your job. Your employer expects you to carry on with your duties until the time you decide to retire or find another job. The only way you can fulfill your obligations is if you are paid for your severance pay. But, it is very difficult to negotiate for a better pay during the tenure you have been working for an organization. Here are some steps that will help you get a fair deal when you decide to terminate your employment.
First, you need to be proactive in protecting yourself by understanding the legal aspects of employment termination pay contracts. This means that you should have some knowledge about employment law and its processes. This will help you negotiate for a better compensation when you leave your job. The HR Department of your company should be able to help you understand your legal rights and make sure that your termination is legal as per the contract. The best way to make sure that you do not get paid for termination is to learn the rights of an employee and how to safeguard them in the termination of their employment.
Second, review your existing contracts and be prepared to show your reasons for terminating your contract. You need to indicate your intention to terminate your contract and give your reasons for doing so. Give your details of why you are terminating your employment. If you are asked to submit proof of your intent to terminate your employment, do so immediately. Review the contract conditions to ensure that you do not violate any provisions of it such as those regarding penalties for voluntary termination. You may be entitled to compensation for wrongful termination but you will still need to negotiate for it.
Do You Get Paid For Termination? – After you get terminated
Third, after you get terminated, check out your remaining accrued vacation, health, life, car, house and other insurance. Review the remaining leave balances, outstanding commissions and bonuses you may have earned before you became employed. Review your performance appraisal records to see whether you were able to meet your targets during your tenure. Look over your references to check for any discrepancies in their ratings. Remember that any discrepancies in the ratings that you find may cost you your job. Review your contract and your insurance policy to ensure that you will not be liable for medical expenses and termination costs incurred due to your poor performance.
Fourth, ask your last remaining employer to review your termination. If they agree to your request, you can proceed to your next step. Ask your employer for a written notice of termination stating the date of your termination. Along with the notice, you must provide your final paycheck stub to your employer that clearly states the date of your termination. Be sure to keep all documentation pertaining to your last job until your employment is terminated.
Last but not the least, when you get paid for termination, review your contract thoroughly to ensure that you are not liable for medical and termination expenses incurred while on your last job. You may also be entitled to back wages if you are unable to continue your employment because of your poor performance. Your contract must provide you a detailed explanation of these benefits.