voluntary layoff vs....no-voluntary layoff?

[Semidevil]

with all the layoffs happening here and there, a lot of companies are offering 'voluntary layoffs.'

what's the difference between the 'voluntary layoff,' and....the other kind? If you volunteer, do you get more severence package?

While we are on the topic of compensation, I was just wondering, what is the 'norm' on severence package when someone leaves? 1 month worth of pay? 2 month? etc etc

 

[dartworth]

why would you expect a severance package?

 

[SSSnail]

Usually it's one month's pay and health insurance for the month after you're laid off. As a rule of thumb, don't volunteer for anything.

 

[schizoid77]

I dunno about that, but I am pushing for VTO - Voluntary Time Off. Oh, you still get paid, but you volunteer to not come in.

 

[ChaoZ]

Voluntary = no unemployment benefits

 

[Kadarin]

You could do voluntary if you already have another job lined up... Take the severance, start on the new job, and give the extra $$ to me.

 

[woodie1]

Where I last worked I took a voluntary layoff. I received one weeks pay for each year of service and 6 months of unemployment compensation. You have to negotiate the severance package. Some people were able to get twenty weeks pay for the 1st ten years service and one week for any addition years service. The severance pay wasn't in a lump sum so I kept my health insurance and making 401k contributions with their match until my last check.

 

[rudeguy]

My 2 favorite words in the English language are severance package.

 

[Cdubneeddeal]

Originally posted by: ChaoZ
Voluntary = no unemployment benefits

Wrong. I did a voluntary layoff several years ago. Voluntary layoff is the same thing as a layoff in the unemployment's eyes.

 

[nicolaskl]

Last layoffs my employer did people got 4 weeks pay + 2 weeks for every year they'd been with the company, plus they gave you a check for 6 months of COBRA insurance, IIRC.