We are commonly asked the question of what is the average amount of severance. This is not an easy answer because severance differs between every company and an average does not guarantee that you will be offered that amount of severance. However, it does allow you to determine whether you believe you are receiving a fair amount of severance pay.
Our NJ Severance Lawyers have reviewed hundreds of severance agreements and the average tends to be 1-2 weeks per year of service. We have reviewed many agreements within the same company and have the knowledge base to determine if you are receiving a comparable amount to your peers.