NEW YORK (MainStreet) -- Layoffs are at their lowest levels since 2003, according to Washington, D.C.-based WorldAtWork.com.
But career professionals still need an insurance policy in place to negotiate a good severance package.
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"Except for mergers and acquisitions activities, with the economy rebounding, we're not seeing as many organizations needing to use severance plans for planned mass layoffs or reductions in force," says Don Lindner, senior practice leader at WorldAtWork. "In spite of the low utilization of these plans, the good news is that organizations understand that severance plans are critical to have in place, and the majority of organizations have established plans and programs to use when necessary."
To gain the most leverage in a severance negotiation, plan ahead and know what you want to get out of a deal before you hash things out.
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