Whats Being Given as Severance
Whats Being Given as Severance
Dec 2, 2008, 3:39 pm ET
By Todd Raphael
Heres what companies are offering in severance pay, according to a study by
Right Management.
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U.S.
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Worldwide
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Voluntarily Separated:
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Top Executives
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2.76 mean weeks per year of service
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3.39 mean weeks per year of service
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Senior Executives
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2.23
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3.29
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Department Heads/Managers
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1.55
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3
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Professional/Technical
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1.39
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2.79
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All Other Employees
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1.23
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2.65
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Involuntarily Separated:
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Top Executives
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3.04
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3.52
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Senior Executives
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2.49
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3.33
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Department Heads/Managers
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1.78
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2.93
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Professional/Technical
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1.6
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2.75
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All Other Employees
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1.44
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2.59
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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.
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