Toronto Employment Lawyers Advising on Severance Packages
When an employee is fired, they generally receive a termination letter from their former employer. This letter commonly sets out the severance package, which outlines the terms of the employee’s departure, including notice (or pay in lieu of notice) and severance pay.
At Baker & Company our employment lawyers have been advising both employers and employees in regard of severance packages for more than 30 years. We are both everyday trusted advisors and problem solvers.
As advisors, we steer our clients through issues and questions that may arise on a day-to-day basis. For instance, we help employers plan a termination, review severance packages, coach them on how best to conduct a termination, and similar. We review the severance packages of employees and counsel them on next steps. We provide proactive guidance and advice intended to address matters before they escalate into major issues.
As problem solvers, we respond quickly and efficiently where a serious concern presents itself and where litigation or other legal intervention is required. We represent both employees who wish to sue their employer for wrongful dismissal and employers who have been sued.
Terminating an employee is of the most challenging decisions that an employer must make. It also requires careful navigation and risk management.
When terminating an employee, it is important for an employer to comply with all of their obligations with respect to notice (or pay in lieu of notice) as well as severance (where applicable). Where these obligations are not met, the employer risks becoming involved in a wrongful dismissal claim by the terminated employee, which can result in expensive negotiations or even litigation.
If you have been terminated and have received a severance package from your employer, it may be tempting to sign it so that you can receive your pay and move forward to start your new chapter. You may also feel pressured to sign or be given a deadline for signing.
However, before you sign anything, it is always advisable to consult with a knowledgeable employment lawyer who can review your package, advise you on your rights, and ensure you are receiving the maximum amount of money to which you are entitled, rather than the bare minimum required by the Employment Standards Act.
Terminations can be stressful for both parties involved. At Baker & Company we understand this and work hard to make the termination process clear. We regularly draft and review severance packages for employers to ensure that they are meeting their statutory or common law obligations and providing a departing employee with everything they are entitled to. We also regularly review severance packages for terminated employees to ensure that their rights are protected and that they receive maximum compensation. We use this experience sitting on both sides of the table to our clients’ advantage. If you would like to speak with one of our highly experienced Toronto employment lawyers, call us at 416-777-0100 or contact us online for a consultation.