{"id":6576,"date":"2022-01-17T11:54:46","date_gmt":"2022-01-17T11:54:46","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/severance-pay\/"},"modified":"2022-04-20T10:05:53","modified_gmt":"2022-04-20T04:35:53","slug":"severance-pay","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/severance-pay","title":{"rendered":"Severance Pay"},"content":{"rendered":"

Severance pay or termination pay is money given to an employee when being terminated from employment. Typical severance pay programs can range from one week or more minor to several months of payments. Severance pay can be a part of your package with full-time and management employees, along with sick leave compensation for part-time workers.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-6576","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Severance Pay? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Severance pay is a payment given to an employee laid off, whose job has been eliminated, or who has otherwise parted ways with a company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/severance-pay\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Severance Pay\" \/>\n<meta property=\"og:description\" content=\"Severance pay is a payment given to an employee laid off, whose job has been eliminated, or who has otherwise parted ways with a company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/severance-pay\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-20T04:35:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/severance-pay\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/severance-pay\",\"name\":\"What is Severance Pay? 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