Anyone know what means in regards to RIF plans?
7 replies (most recent on top)
@19q TR expects you to self-report comparable new employment if you are re-employed during your severance period. So don’t report it. Don’t post a new job on LinkedIn or any other social media if it’s within your severance package timeframe.
@OP I’m not hearing severance is an option. They are PIP’ing people to meet the goals.
In 2021 TR made some changes to severance:
2 weeks of pay per year of service, minimum 4 weeks, maximum of 52 weeks
However, if you get comparable employment they can terminate your severance/benefits
@14q so the max severance you can get is 5 months?
@14q+1k4axn2rq "Its a formula used for severance" A formula, or THE formula? Is this for TR or just an example?
Its a formula used for severance. 10 days per service year, plus 7 days and a cap on 5 months severance. Common practice
Is this supposed to be a date (10/7/2025) or just three numbers?