motojoel1
Cast Iron
- Joined
- Jul 12, 2009
- Location
- Warren, Ohio
Maybe a strange question, I do not know the answer.
A employee for about 4 years, friend and mentor for about 20, passed away unexpectedly the 30th. He was very close to retirement, he and I talked about cutting his work back during the next year.
He leaves behind his stay at home wife, and grown out on thier own kids.
I will be keeping his salary going for a time. I do not know for how long. That is my query, is there a rule of thumb for this sort of thing? My only thought was if I were to close up or sell out I would probably look at a month severance per year of employment.
Thank you for your thoughts.
A employee for about 4 years, friend and mentor for about 20, passed away unexpectedly the 30th. He was very close to retirement, he and I talked about cutting his work back during the next year.
He leaves behind his stay at home wife, and grown out on thier own kids.
I will be keeping his salary going for a time. I do not know for how long. That is my query, is there a rule of thumb for this sort of thing? My only thought was if I were to close up or sell out I would probably look at a month severance per year of employment.
Thank you for your thoughts.