I’ve just been laid off. Do I have to accept the severance package, or can I get more?

So, what should you do if you’ve just been let go and offered a severance package? Matthew Fisher, partner at Lecker & Associates, and Muneeza Sheikh, partner at Levitt Sheikh, say the first step is to wait before you sign any documentation. “I often say to my client that an employer’s first offer is rarely anywhere close to their best,” she explains. “You could be entitled to up to two years of pay, earned bonuses, future bonuses to all sorts of things,” says Fisher. “That at least puts you in a situation where you can make a more educated guess before signing something.”SHARE: