Entrepreneur

Are Severance Agreements Slimy Business?

Is the common practice an ethical one? Our expert explains.
Source: Shutterstock

Q: We had to lay off an employee who wasn’t a good fit for us. I wanted to offer her a severance package of five weeks of income, to help her and her family as she searches for a new job. But I read that I should also

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur6 min read
What It's Like to Be Mentored by Gwyneth Paltrow
The actress and CEO chats with her mentee, the cofounder of Maisonette, about finding support as an entrepreneur.
Entrepreneur9 min read
From Bankruptcy to $87 Million in Funding: How Tamara Mellon Saved Her Namesake Brand
The Jimmy Choo co-founder has faced plenty of hurdles as an entrepreneur. But now, she's clinging tight to her vision -- and finding new levels of success.
Entrepreneur3 min read
How Cameo Survived a Public Relations Nightmare
Listen to Cameo's founder discuss his PR nightmare on our podcast Problem Solvers. Steven Galanis was in his office one day last November when he got a text from a guy who works for NFL legend Brett Favre. “This is bad,” the text said. “What do we do