How to Write a Counter Offer for a Severance Package
Navigating the process of leaving a job can be challenging, especially when it comes to negotiating a severance package. A severance package is a set of benefits and compensation offered by an employer to an employee who is leaving the company. It can include salary continuation, benefits coverage, and sometimes even outplacement services. When you receive a severance package offer, it’s important to carefully consider it before accepting. If you feel the offer is insufficient, writing a counter offer is a viable option. Here’s a step-by-step guide on how to write a counter offer for a severance package.
1. Review the Initial Offer
Before you start writing your counter offer, thoroughly review the initial severance package offer. Pay close attention to the details, such as the duration of salary continuation, benefits coverage, and any other benefits or compensation included. Understanding the initial offer will help you identify areas where you can make a counter offer.
2. Assess Your Needs
Consider your financial needs and any other concerns you may have. This may include covering living expenses, paying off debts, or transitioning to a new job. Assessing your needs will help you determine what you want to achieve with your counter offer.
3. Research Market Standards
To ensure your counter offer is reasonable, research market standards for severance packages in your industry and at your level of employment. This will help you understand what is typically offered and provide a benchmark for your counter offer.
4. Write a Professional Letter
Start by addressing the letter to the appropriate person, such as your HR representative or supervisor. Begin with a polite and respectful tone, expressing your gratitude for the initial offer. Then, clearly outline the specific areas where you would like to see improvements in the severance package.
5. Be Specific and Detailed
When making your counter offer, be specific and detailed about the changes you are requesting. For example, instead of saying “I would like a better severance package,” specify the exact changes you want, such as extending the salary continuation period or increasing the benefits coverage.
6. Provide Supporting Evidence
Support your counter offer with evidence, such as research on market standards or your own financial needs. This will demonstrate that your counter offer is well-researched and reasonable.
7. Offer a Compromise
In your counter offer, be willing to compromise. This shows that you are open to negotiation and willing to find a mutually beneficial solution. You may consider offering a compromise that meets your needs while also being fair to the employer.
8. Follow Proper Protocol
Before submitting your counter offer, make sure you follow the proper protocol. This may involve discussing the offer with your HR representative or supervisor first, or consulting with an attorney if necessary.
9. Submit Your Counter Offer
Once you have written your counter offer, submit it in a professional and timely manner. Follow any instructions provided by your employer regarding the submission process.
10. Be Prepared for a Response
After submitting your counter offer, be prepared for a response. This may take some time, so be patient. When you receive a response, consider it carefully and be ready to negotiate further if necessary.
Writing a counter offer for a severance package requires careful planning and professionalism. By following these steps, you can increase your chances of achieving a favorable outcome that meets your needs and respects the interests of your employer.
