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What’s Being Given as Severance

Dec 2, 2008
This article is part of a series called Tips & Tricks.

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

U.S.Worldwide
Voluntarily Separated:
Top Executives2.76 mean weeks per year of service3.39 mean weeks per year of service
Senior Executives2.233.29
Department Heads/Managers1.553
Professional/Technical1.392.79
All Other Employees1.232.65
Involuntarily Separated:
Top Executives3.043.52
Senior Executives2.493.33
Department Heads/Managers1.782.93
Professional/Technical1.62.75
All Other Employees1.44

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 part of a series called Tips & Tricks.