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- Jul 14, 2006
Lets say you were making 80g's a year for a company, have been with the company for many years, and have been promoted numerous times, all is good. When the economy got bad, the company you work for decides to do a lot of cut backs including cutting back on personnel. The company finally approaches you and gives you two options. Option one: Either choose a severance package of about $10g's (tax not deducted) and a temporary insurance for a year. Option two: Take a 45% pay cut and still stay with the company, with all competitive benefits still available. Which one would you choose?