When an employee is terminated from their job, they may be offered a severance package. This package can include pay in lieu of notice, which is compensation provided to the employee for the notice period they would have received if they had not been terminated. In this article, we will take a closer look at pay in lieu of notice and provide answers to commonly asked questions. What is Pay in Lieu of Notice? Pay in lieu of notice is a type of severance pay that compensates an employee for the notice period they would have received if they had not been terminated. This notice period varies depending on the…