Download the app
educalingo
Search

Meaning of "severance package" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF SEVERANCE PACKAGE

severance package  [ˈsevərəns ˈpækɪdʒ] play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF SEVERANCE PACKAGE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Severance package is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES SEVERANCE PACKAGE MEAN IN ENGLISH?

Severance package

A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following: ▪ An additional payment based on months of service ▪ Payment for unused vacation time or sick leave. ▪ A payment in lieu of a required notice period. ▪ Medical, dental or life insurance ▪ Retirement benefits ▪ Stock options ▪ Assistance in searching for new work, such as access to employment services or help in producing a résumé. Packages are most typically offered for employees who are laid off or retire. Severance pay was instituted to help protect the newly unemployed. Sometimes, they may be offered for people who resign, regardless of the circumstances; or are fired. Policies for severance packages are often found in a company's employee handbook, and in many countries are subject to strict government regulation. Severance contracts often stipulate that the employee will not sue the employer for wrongful dismissal or attempt to collect on unemployment benefits, and that if the employee does so, then they must return the severance money.

Definition of severance package in the English dictionary

The definition of severance package in the dictionary is an amount of compensation paid by an organization to an employee who leaves because, through no fault of their own, the job to which they were appointed ceases to exist, as during rationalization, and no comparable job is available to them.

WORDS THAT RHYME WITH SEVERANCE PACKAGE


blockage
ˈblɒkɪdʒ
breakage
ˈbreɪkɪdʒ
corkage
ˈkɔːkɪdʒ
cross-linkage
ˌkrɒsˈlɪŋkɪdʒ
dockage
ˈdɒkɪdʒ
leakage
ˈliːkɪdʒ
linkage
ˈlɪŋkɪdʒ
lockage
ˈlɒkɪdʒ
package
ˈpækɪdʒ
prepackage
ˈpriːˈpækɪdʒ
repackage
riːˈpækɪdʒ
sackage
ˈsækɪdʒ
shrinkage
ˈʃrɪŋkɪdʒ
sinkage
ˈsɪŋkɪdʒ
soakage
ˈsəʊkɪdʒ
socage
ˈsɒkɪdʒ
stockage
ˈstɒkɪdʒ
tankage
ˈtæŋkɪdʒ
trackage
ˈtrækɪdʒ
wreckage
ˈrɛkɪdʒ

WORDS THAT BEGIN LIKE SEVERANCE PACKAGE

sever
severability
severable
several
severalfold
severally
severalties
severalty
severance
severance motion
severance pay
severe
severely
severeness
severity
Severn
Severnaya Dvina
Severnaya Zemlya
Severus
severy

WORDS THAT END LIKE SEVERANCE PACKAGE

advantage
age
applications package
average
boskage
bulkage
compensation package
coverage
damage
garage
heritage
home page
image
in this day and age
integrated accounting package
language
manage
marriage
sex linkage
software package

Synonyms and antonyms of severance package in the English dictionary of synonyms

SYNONYMS

Translation of «severance package» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF SEVERANCE PACKAGE

Find out the translation of severance package to 25 languages with our English multilingual translator.
The translations of severance package from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «severance package» in English.

Translator English - Chinese

遣散费
1,325 millions of speakers

Translator English - Spanish

paquete de indemnización
570 millions of speakers

English

severance package
510 millions of speakers

Translator English - Hindi

विच्छेद पैकेज
380 millions of speakers
ar

Translator English - Arabic

مجموعة قطع
280 millions of speakers

Translator English - Russian

компенсация за увольнение
278 millions of speakers

Translator English - Portuguese

pacote de indenização
270 millions of speakers

Translator English - Bengali

বিচ্ছেদ প্যাকেজ
260 millions of speakers

Translator English - French

indemnité de départ
220 millions of speakers

Translator English - Malay

pakej pemutusan
190 millions of speakers

Translator English - German

Abfindung
180 millions of speakers

Translator English - Japanese

解雇手当
130 millions of speakers

Translator English - Korean

퇴직금
85 millions of speakers

Translator English - Javanese

Paket severance
85 millions of speakers
vi

Translator English - Vietnamese

gói thôi
80 millions of speakers

Translator English - Tamil

பிரித்தெடுத்தல் தொகுப்பு
75 millions of speakers

Translator English - Marathi

छेद पॅकेज
75 millions of speakers

Translator English - Turkish

Kıdem paketi
70 millions of speakers

Translator English - Italian

pacchetto di separazione
65 millions of speakers

Translator English - Polish

pakiet odpraw
50 millions of speakers

Translator English - Ukrainian

компенсація за звільнення
40 millions of speakers

Translator English - Romanian

pachet de plecare
30 millions of speakers
el

Translator English - Greek

πακέτο αποχώρησης
15 millions of speakers
af

Translator English - Afrikaans

skeidingspakket
14 millions of speakers
sv

Translator English - Swedish

avgångsvederlag
10 millions of speakers
no

Translator English - Norwegian

sluttpakke
5 millions of speakers

Trends of use of severance package

TRENDS

TENDENCIES OF USE OF THE TERM «SEVERANCE PACKAGE»

The term «severance package» is regularly used and occupies the 87.570 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
59
/100
The map shown above gives the frequency of use of the term «severance package» in the different countries.
Principal search tendencies and common uses of severance package
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «severance package».

FREQUENCY OF USE OF THE TERM «SEVERANCE PACKAGE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «severance package» during the past 500 years. Its implementation is based on analysing how often the term «severance package» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about severance package

EXAMPLES

10 ENGLISH BOOKS RELATING TO «SEVERANCE PACKAGE»

Discover the use of severance package in the following bibliographical selection. Books relating to severance package and brief extracts from same to provide context of its use in English literature.
1
Severance Package
Jamie DeBroux’s boss has called a special meeting for all “key personnel” at 9:00 a.m. on a hot Saturday in August.
Duane Swierczynski, 2010
2
Business Communication: Process and Product
Because you knew your skills were in high demand for this position and because you would be giving up a good position, you wanted to know what the typical severance package involved. What would you receive if this job disappeared ...
Mary Ellen Guffey, 2007
3
Dealing With Problem Employees: A Legal Guide
I fyou've decided to fire a problem employee, you're probably not eager to offer a severance package, particularly if the employee has caused you nothing but trouble. However, there are several reasons why you might need or want to pay ...
Amy Delpo, Lisa Guerin, 2013
4
British Broadcasting Commission: Off-payroll Contracting and ...
Off-payroll Contracting and Severance Package for the Director General, Twenty- second Report of Session 2012-13 Great Britain: Parliament: House of Commons : Committee of Public Accounts. On Saturday 10 November 2012, the BBC ...
Great Britain: Parliament: House of Commons: Committee of Public Accounts, 2012
5
Small Business Legal Tool Kit
There is no standard amount of money that is generally offered, as each employer will determine the severance package they can afford. Often, the employer will pay a set amount for each year employed. The employer is generally required to ...
Ira Nottonson, Theresa A. Pickner, 2007
6
Business Law 15 edition:
Jacobs allegedly promised Hinkel a severance package, but the written contract enumerates both compensation and insurance coverage while saying nothing of post-employment salary and/or benefits. The offer leaves one term to be ...
Jane Mallor, A. James Barnes , L. Thomas Bowers, 2012
7
Ex Ante Severance Agreements and Their Association with ...
... shareholder value (Murphy 1999; Core, Guay and Larcker 2003). This view on the role of executive compensation predicts that firms choose to offer a severance package to the CEO if the benefits that the package provides outweigh the cost ...
Kareen E. Brown, 2007
8
Working While Black: The Black Person's Guide to Success in ...
Let's say you get offered a severance package, or you've been terminated and want to know if you're eligible for a severance package. It should go without saying that if you are fired for doing something that would land you in the penitentiary, ...
Michelle T. Johnson, 2011
9
101 Tough Conversations to Have with Employees: A Manager's ...
A separation package is different than a severance package, which comes into play only when a position gets eliminated. We wouldn't be eliminating your position and would plan to backfill it after you left, but sometimes employees feel more ...
Paul FALCONE, 2009
10
Employment Law and Works Councils of the Netherlands
... employees. Newly added is that years of service before the age of 35 entitle an employee to half a month's salary. This used to be one monthly salary. 6.9 OBVIOUSLY UNREASONABLE DISMISSAL: THE SEVERANCE PACKAGE If, despite ...
F. B. J. Grapperhaus, Leonard G. Verburg, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «SEVERANCE PACKAGE»

Find out what the national and international press are talking about and how the term severance package is used in the context of the following news items.
1
Waldorf Astoria and Hotel Workers Union Reach $149 Million Deal …
The typical union severance package is just four days of pay per year, or eight ... “In terms of days of pay, this is the largest severance package that we have ... «New York Times, Jun 15»
2
Illinois House rejects cap on community college severance packages
College of DuPage President Robert Breuder was awarded a substantial severance package this year, sparking efforts to curb such payouts. (Nuccio DiNuzzo ... «Chicago Tribune, Jun 15»
3
College of DuPage-inspired reform stalls over disagreement on …
The proposal would ensure severance packages do not exceed one year's salary and applicable benefits. It would also limit community college employees' ... «Chicago Daily Herald, May 15»
4
Seven former Manitoba government staffers divide six-figure …
WINNIPEG -- Manitoba Premier Greg Selinger would not answer questions Friday about severance packages given out following the NDP government's ... «CTV News, May 15»
5
Manitobans deserve details of NDP's severance packages: Goertzen
Manitobans deserve details of NDP's severance packages: Goertzen ... He said based on the package given to former Selinger chief of staff Liam Martin, the cost ... «Winnipeg Free Press, Mar 15»
6
Lawmakers want to question College of DuPage president on …
The move is in response to the controversial severance package for the ... and answer questions regarding his controversial severance package from the ... «Chicago Tribune, Feb 15»
7
Lawmakers target lucrative severance packages after College of …
The proposed legislation, most of which has not been filed yet, ranges from capping severance packages to cutting state funding for schools that approve large ... «Chicago Tribune, Feb 15»
8
COD to vote again on Breuder $762000 severance package
College of DuPage trustees are expected to take another vote Wednesday on a controversial $762,000 buyout package for the school's president, which has ... «Chicago Daily Herald, Jan 15»
9
Airbus offers severance packages to employees
With the sale of helicopters down in the U.S. and globally, Airbus Helicopters has made voluntary severance packages available to its Lowndes County ... «The Commercial Dispatch, Nov 14»
10
Wasylycia-Leis says there's merit in severance packages for retiring …
Judy Wasylycia-Leis said she wouldn't be inclined to take a severance package hypothetically as an outgoing mayor, but stopped short of suggesting the city ... «Winnipeg Sun, Oct 14»

REFERENCE
« EDUCALINGO. Severance package [online]. Available <https://educalingo.com/en/dic-en/severance-package>. Apr 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z