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Severance/Stay Pay

checchec 17 Posts
in Benefits & Leave Vote Up0Vote Down
Our company may sell one of its divisions resulting in termination of employees. However, the transition would take 3 to 6 months. We have a severance pay policy ranging from 2 weeks to 13 weeks depending on length of employment. We will need some employees to stay with us until the transition period is completed. We are considering a "stay-pay" in addition to severance pay for those willing to stay to the end. I would like to know what other companies are offering for stay-pay?
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