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Published: August 2012
Pages: 75
Data Effective: February 1, 2012
Number of Participants: 133
Click here for a sample of the survey
The purpose of this study was to obtain current data on the prevalence of various practices affecting severance policies among employers that represent all sizes, locations, and industries. Data was compiled from survey questions that were developed by Compensation Resources, Inc. and distributed to companies in over 11 industries, in addition to Not-For-Profit organizations. The survey sampled severance data from a variety of organizations, collected from February through May 2012. There were 133 organizations that participated in this study.
This survey reports the different areas of severance. Some of the information reported includes implementation, updates, how often the current policy is reviewed, employee satisfaction, length of severance, payment methods and paid out. Other major points recorded in this survey are:
- Healthcare costs and coverage
- Outplacement eligibility and services
- Covenants
Turnover statistics and trends, covering both voluntary and involuntary turnover, as well as various processes and procedures undertaken as part of an organization's tracking, are also included based on a cross section of industries
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