Monday, September 20, 2004

In a show of proof we are moving back into a employee market instead of an employer market, Peoplesoft has sweetened the pot on its overall severence packages in an attempt to retain employees. The severance package for PeopleSoft employees will now include a minimum of 12 weeks of base pay, plus health care coverage for a similar period. Previously, the minimum was two weeks' pay for each year of service, but the package capped out at three months.