Job Loss · Financial guide

Can you negotiate a severance package?

Quick answer

Yes — research shows 87% of initial severance offers can be improved.

87%Of offers can be improved
25-50%Avg negotiated improvement
21 daysMinimum review period
2 wks/yrStandard severance formula

The full picture

Yes — research shows 87% of initial severance offers can be improved. Common negotiation levers include: extended salary continuation (ask for 2 weeks per year of service instead of 1), extended health insurance coverage, outplacement services, equity vesting acceleration, positive reference language, and non-compete modifications. The average negotiated improvement is 25-50% above the initial offer.

Key timing: don’t sign anything for 21 days (or 45 days if over 40, per OWBPA). Consult an employment attorney — most offer initial consultations and work on contingency for severance negotiations.

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