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.