KingPayoff season
RedditWandererI got a huge severance package after only 1 year at my company. That’s because of labor laws im Canada. It equates to over a year in salary.
My US counterparts didn’t get that, not sure if that 35% applies to the US, but if it does it’s much more expensive everywhere else. And yeah, all this so it looks good on paper.
Labor laws vary by province and I don’t know of any labor law that makes it an obligation to pay over a year of salary after a year of employment, the most probable reason you got that is the employment directives/your employment contract you had with your previous employer.
It sounds like the company has cash and they’re trying to keep up morale. Over a year of severance for employees with less than a year of employment isn’t required by Canadian law that I know of^(not that I’m super knowledgeable about labour law).
Cracks_InTheWallsIt really depends on the province (there’s a spat about this in this thread) - if it’s a mass layoff of over x # of employees, some (I imagine most/all, but idk) provincial governments require a set amount of notice or compensation. I know it’s 16 weeks for layoffs of 500+ people in Ontario, 300+ in Quebec, BC and Nova Scotia.