How do I go about negotiating my severance package?

Negotiating a severance package is a luxury that only a few employees have. If your company offers you severance pay and bonuses, you can ask to speak with your boss, the outplacement team or the HR department to make a deal. Talk about your years of service to the company and emphasize your successes. Ask about extending health benefits and retirement benefits as long as possible and don't forget to ask for bonus pay for any remaining vacation or personal days you haven't taken.

If you work for a smaller company, your chances of negotiating a severance package are not as good as they are at larger companies. Sometimes you are offered no severance package at all and are not given much notice at all.