What's the Average Amount of Severance Pay?

We are commonly asked the question of what is the average amount of severance pay. 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 New Jersey 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.

About the Author

Tom McKinney is an experienced NJ Employment Lawyer in all major areas of labor and employment law, including discrimination, harassment, overtime violations, wage and hour claims, sexual harassment, wrongful discharge, Title VII, ADA, ADEA, FMLA, LAD, FLSA, and all other employment law claims. Tom is admitted to practice in the States of New Jersey and New York, United States District Court for the Eastern District of New York, Southern District of New York, District of New Jersey, and United States Court of Appeals for the Third Circuit. Prior to forming the firm, Tom practiced at Gibbons P.C. in Newark, NJ. If you have any questions regarding this article, contact Tom here today.