Severance Calculator
Find out how much severance you may be entitiled to.
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How is severance compensation determined?
One’s severance entitlements generally are influenced by the following factors considered by the Courts:
- Age at termination
- Character of employment
- Length of service
- Annual compensation at the time of dismissal
- The availability of comparable jobs in the labour market.
Generally, severance increases with factors such as the age of the employee, seniority, and level of position. The severance calculator is a general estimate only based on the main criteria considered by the courts. However, your full legal entitlements need to be properly assessed by an employment lawyer. Contact us and get properly assessed.
Have you received a fair severance package?
If you have questions about your severance entitlements, or you have received a severance package that you believe is unfair, contact us for a full legal assessment of your rights, entitlements, and options. We have helped thousands of clients in connection with their wrongful dismissal or constructive dismissal cases. Ensure that you are receiving what is legally owed to you. Contact the legal experts at JPAK Employment Lawyers Today.
You Could be entitled to more.
Give us a call and let’s assess together.
How do you calculate severance pay?
Termination payouts for employees is, at minimum, calculated based upon an employee’s entitlements under the relevant employment standards legislation. In Ontario, for provincially regulated employees, termination payments are prescribed by the Employment Standards Act, 2000 (“ESA”). For example, the ESA will state what notice of termination or pay in lieu, benefits continuation, vacation pay, statutory severance pay etc. an employee is to receive when their employment is terminated. However, employees may have greater entitlement to notice and pay based on their overall compensation at common law. Calculating common law entitlement depends upon the situation. Relevant factors that are considered to determine the common law notice period include but are not limited to: the employee’s age, how long they worked for the employer, the nature of their job, whether they had managerial responsibilities, salary, the manner of termination, and challenges they may face securing comparable work. This is not an exhaustive list. For a comprehensive assessment of your circumstances and your potential entitlements, contact the lawyers at JPak Employment law for legal advice.
