Lawyer Reveals How to Increase Severance Pay by Thousands

Severance Pay: How to Increase Your Compensation by Including Company Benefits In a recent case, a lawyer successfully increased a client's severance pay by more than \u20ac20,000 by including the value of company benefits. This highlights a common oversight in severance calculations. The lawyer, who wishes to remain anonymous, explained that company-provided benefits, such as company cars, Christmas hampers, medical insurance, or transport/meal cards, often have economic value and should be included in the total salary calculation. "Many people don't realize that these benefits are part of their overall compensation," the lawyer stated. "Including these benefits in the calculation can significantly increase the final severance payment." In the case mentioned, the client, a former executive of a multinational corporation, received a company car as a benefit. The lawyer successfully argued that the annual lease value of this car should be included in the severance calculation, resulting in a final payout of over \u20ac130,000 instead of the initial \u20ac110,000. This underscores the importance of thoroughly examining all aspects of compensation when negotiating severance packages. The case serves as a reminder for employees to be aware of their rights and the full extent of their compensation when facing job termination.