Severance pay is the compensation and benefits an employee receives after their employment is terminated by the company, usually due to layoffs or downsizing.
In case you are fired, is severance pay based on a month's usual salary or just the basic component? - The Economic Times
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What is a severance package? Why do Indian private sector company's employees not ask for it before joining a new company? - Quora
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Employment What is severance pay?
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