Severance as in a 'voluntary' payment by employers is a US thing that I don't understand. Do you mind explaining why it gets paid at all?
In the UK, it's common for employers to have contractual obligation to pay a notice period, and for longer term employees they are legally obliged to be firing them on capacity or redundancy grounds - so it is common to pay some severance in order to pay the employee to resign themself and sign some legal paperwork saying it's okay.
I don't get why employers pay extra money "just to be nice" where there isn't some legal reason to do it...?
In the UK, it's common for employers to have contractual obligation to pay a notice period, and for longer term employees they are legally obliged to be firing them on capacity or redundancy grounds - so it is common to pay some severance in order to pay the employee to resign themself and sign some legal paperwork saying it's okay.
I don't get why employers pay extra money "just to be nice" where there isn't some legal reason to do it...?