Let’s get this out of the way right now. A severance package is not an exit strategy. A severance package, which is basically the terms of disengagement, may be the culmination of an effective exit strategy, but that will be determined only after the rest of your strategy is firmly in place. In addition, an exit strategy is not just a plan to leave your current company, and it doesn’t have to be a terminal farewell.
So what is it? An exit strategy is simply a long-term plan that sets a course for your career. It answers the question, “what’s...