What To Do If You Get Retrenched
In the article on Channel News Asia, Mei Yu, a career coach and founder at Get Ahead, shared her insights on negotiating layoffs. She emphasized the importance of understanding one's employment contract and the company's severance policies. Mei Yu suggested that employees should be proactive in discussions with their employers, asking for detailed explanations of the severance package offered, including any benefits such as health insurance continuation, outplacement services, or bonus payouts. She also advised impacted workers to be prepared to negotiate for better terms, highlighting their contributions and any upcoming projects they were set to complete. Additionally, she noted the importance of seeking legal advice if needed to ensure all rights are protected.
Read the CNA article here for practical tips to navigate layoffs in Singapore.
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