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Talk:Severance package

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Talk: Severance package

I don't really agree with this definitions —Preceding unsigned comment added by 64.244.82.210 (talk) 22:26, 27 March 2008 (UTC)[reply]

What do you disagree with? Do you have an improvement in mind? 76.202.61.191 (talk) 05:47, 12 May 2008 (UTC)[reply]

I think the difinition is more realted to the mechanisim and not the root of the word.

The rules given for Canada, and the associated reference link only applies to federally regulated industries. (Banks, airlines, railroads that cross provincial boundaries, telephone, telegraph, radio, television,etc: http://www.labour.gc.ca/eng/regulated.shtml.)

Most people fall under the labour regulations of each individual province or territory. "If you do not work for one of the above, the employment standards that regulate your conditions of work are defined by your provincial or territorial ministry of labour." (taken from above link).

For instance, the current rules for the Province of British Columbia (http://www.labour.gov.bc.ca/esb/facshts/termination.htm) are: "An employee who is terminated may be eligible for compensation based on the following formula:

   After three consecutive months of employment – one week’s pay;
   After 12 consecutive months of employment – two weeks’ pay;
   After three consecutive years – three weeks’ pay, plus one week’s pay for each additional year of employment to a maximum of eight weeks."

In BC, written notice of the same length can be given instead of severance pay; I believe all (or most) provinces permit notice in lieu of severance.

Jokemill (talk) 08:14, 23 May 2014 (UTC)[reply]