Can You Ask for Severance?


The saying “last hired, first fired” might creep into your head as you think about changing jobs, but the current staffing shortage in the accounting and finance sectors has put CPAs in a prime position to negotiate severance.

Dona DeZube of JobsintheMoney.com, a career Web site for accounting and finance professionals, says, “If you’re a below-C-level employee, a golden parachute may be beyond reach. But you may be able to get a golden umbrella that protects you if it starts raining pink slips.”

DeZube suggests researching the compensation packages of others with the same background—including accounting skills, experience and certifications—before starting negotiations .

Source: “Negotiating Severance Upfront Can Be Tricky,” www.jobsinthemoney.com.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.