100 Best Companies: Firms with lowest turnover
Company Best
companies
rank
% turnover
Alcon Laboratories 32 2
S.C. Johnson 10 2
Intel 97 4
Wm. Wrigley Jr. 95 4
Nixon Peabody 49 4
SAS Institute 30 4
Cisco Systems 25 4
Qualcomm 23 4
General Mills 98 5
Mayo Clinic 89 5
Myth 3: You can't negotiate severance
Unless you have a contract saying otherwise, companies that lay you off aren't legally required to provide you with severance. Typically, though, they will offer something. The question is whether it's enough given your tenure and contributions.

If you don't think it is, you may be able to negotiate a better package if you have some points of leverage. A key one is what New York-based compensation attorney Alan Sklover calls "pipeline value." That is, are you the only person at the company familiar with important details of a current project or who knows how to perform a critical function for the employer?

In other words, do they still need something from you?

What you should do: When making your request, keep in mind, you're negotiating with individuals, not "the company," Sklover said. And those individuals have things to lose, including their bonuses or jobs, if negotiations with you don't go well.

The best way to make your request: Respectfully, in writing, to someone in a position to give you more severance -- i.e., not HR. You might start with your manager, or your manager's manager.

Sklover also has recommended clients send their letters directly to the board of directors if they have a legitimate claim and those lower down on the totem pole aren't persuaded.
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.