I have worked with my nanny for a nanny share for four years now, we're letting go our nanny because the kids are going to day care, we were very happy with our nanny, what do you think will be fare to give her for severance after 4 years of working with her? |
Fair is not the issue. Anything is fair.
Do you want to know the industry standard? I believe it's a week's pay per year of work. |
Can you do a month's pay? |
MB here.
Are you giving her lots of notice? (Like a month or more) Will you give her an excellent reference? If yes to both of those I would give her a week's severance. |
I disagree, I would do 2 weeks in this situation. If it is discharge without notice, the week for every year of service rubric would be my guideline. Make sure she knows the separation is for lack of work so she knows she can apply for unemployment if she doesn't get a new job right away. |
This is why it's written into all of my contracts. If I'm let go (not my fault), I get a minimum of 2 weeks notice (and you will pay out the two weeks, whether you choose to have me work it or not), and 1 week's pay as severance per year I worked for you. |
Severance is paid when notice is not given. It is given IN LIEU of standard two week's notice, or whatever is contractually specified.
So if the OP is giving ample notice then any parting monies are more of a gift than a severance payment. It's a lovely gesture, to be sure, but it isn't required. |
Yeah, I'd never hire you if this was in your contract. You're trying to double dip if you expect 2 weeks paid even if you're not working plus 1 wk/yr. I would not put myself in a position of being contractually obligated to pay out 4-5 weeks at time of separation. |
Are you sure that's even legally enforceable? |
+1 This language would never be in a contract I'd use. You get notice or severance (assuming not being fired for cause). You don't get both. Any bonus I choose to give you at the end for stellar performance is completely optional. |
And I'm tired of being told on a Wednesday that I won't be needed after Friday, and the family doesn't think they need to give me one penny more than what I make that week. |
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As much as you can comfortably afford to pay her.
Four years of good work should be rewarded. Also, don't forget to include a letter of recommendation with your bonus. |
And so you decide to screw your employers who keep you 4-5 years and give adequate notice |
And so you decide to screw your employers who keep you 4-5 years and give adequate notice |