Toronto Employment Lawyers Assisting with Severance Packages
At Grosman Gale Fletcher Hopkins LLP, we have been helping workplace parties through the termination process, including severance, for more than 30 years. During that time, we have drafted or reviewed thousands of severance packages.
Employers often consult us to help them develop severance packages that both address individual needs and are fair.
Employees, on the other hand, consult us on a regular basis to review the severance package they have received from their former employer.
In either case, we are intimately familiar with the issues, the trends, and ultimately, legal compliance.
Experience has taught us that an ounce of prevention is worth a pound of cure when it comes to the development or review of severance packages. Involving us at the start can contribute significantly to an early resolution, and in turn to moderating the time, aggravation, and expense associated with what is, by its very nature, a traumatic event – the termination of an individual’s employment.
“Reasonable Notice” and Severance Packages
When an employee is terminated, their employer must provide them with either advance notice of that termination, payment in lieu of that notice, or, in some cases, both. This is commonly known as “reasonable notice” or severance.
The workplace parties often disagree about how much notice or payment in lieu of, is appropriate or fair. Legislation such as the Employment Standards Act (ESA) provides for the minimum that an employee is entitled to upon termination, but other factors usually come into play, and, importantly, not all employees are covered by the ESA. Following a termination, negotiations over severance are common.
Contact the Employment Lawyers at Grosman Gale Fletcher Hopkins LLP for Guidance on Severance Packages
At Grosman Gale Fletcher Hopkins LLP, we are the most published firm in Canada on the subject of employment and workplace-related issues. Our lawyers have written leading books on employment law, and contributed to articles, updates and industry publications. We are leaders in the field. Contact us online or at 416.364.9599.