FAQs

Average severance pay for settlement agreement

The amount of the transition compensation is set by law and amounts to 1/3 gross monthly salary per year worked. With a settlement agreement, you can deviate from these legal provisions and the compensation upon dismissal can be higher. On average, the compensation amounts to 0.57 gross monthly salary per year worked. So in the vast majority of cases, there are gains to be made by having a lawyer negotiate for higher compensation.

2023-08-01T11:32:27+00:001 August 2023|