Being retrenched is stressful enough, but what happens when HR asks you to sign a severance agreement immediately? On the Work It podcast, Nat Fetalvero and Gerald Tan speak with lawyer turned executive coach Lorraine Lee and Archana Srinivasan from the Institute for Human Resource Professionals about navigating retrenchment agreements in Singapore. They discuss how to negotiate additional benefits and the ins and outs of the common clauses you may be asked to agree to when your employer lets you go.
Highlights:
00:00
03:41 What are you agreeing to when you sign?
06:24 How to scrutinise your severance agreement
08:04 Negotiating retrenchment payout and benefits
10:50 How much time should you take before signing?
12:54 Why signing immediately can be risky
16:37 Waivers, clawbacks and your legal rights
20:57 Role-playing a difficult retrenchment negotiation
29:55 Ask Work It: How to help a helpless colleague
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