An online tool designed to estimate the potential value of a severance package offered to an employee in the United Kingdom. This resource typically assesses factors like salary, length of service, and any contractual entitlements to provide a preliminary monetary figure. The calculation often includes basic statutory entitlements and may offer scenarios based on different negotiation outcomes.
These valuation tools offer a rapid, initial insight into the potential financial worth of a severance package, helping individuals understand if the offer aligns with legal minimums and reasonable expectations. Their use helps provide context for upcoming negotiation to ensure a fair outcome. However, they do not replace professional advice. Using these tools allows both employers and employees to gain a clearer perspective on the financial aspects involved and prepare for a more informed discussion.
