Add Comment Question: How does notice period affect a payout of severance if I find a new job within 2 weeks? Answer: Finding a new job does not impact your statutory entitlements to termination pay and/or severance pay (i.e. you are owed these regardless of when you find a new job). Beyond that time period, any income you earn during the "notice period" reduces what the employer owes you for severance pay dollar for dollar. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.