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What’s Being Given as Severance

by
Todd Raphael
Dec 2, 2008, 3:39 pm ET

Here’s what companies are offering in severance pay, according to a study by Right Management.

U.S. Worldwide
Voluntarily Separated:
Top Executives 2.76 mean weeks per year of service 3.39 mean weeks per year of service
Senior Executives 2.23 3.29
Department Heads/Managers 1.55 3
Professional/Technical 1.39 2.79
All Other Employees 1.23 2.65
Involuntarily Separated:
Top Executives 3.04 3.52
Senior Executives 2.49 3.33
Department Heads/Managers 1.78 2.93
Professional/Technical 1.6 2.75
All Other Employees 1.44

2.59

Right Management had International Communications Research conduct the study in 28 countries. Of the 1,524 survey responses received, 45% were from the Americas (including 456 from the United States), 34% were from Europe, and 21% were from Asia Pacific.

This article is provided for informational purposes only and is not intended to offer specific legal advice. You should consult your legal counsel regarding any threatened or pending litigation.

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