Despite the fact that two thirds of organizations have had to reduce their workforces over the past year and a half, one in four has no severance policy and 70% of those with a policy have no plan to make changes. This according to the U.S. Severance and Strategy Survey conducted by Mercer last month, which reflects the practices of over 400 employers.
As part of the study, Mercer examined the prevalence of specific severance policy features across different employee groups. Findings are summarized in the chart below:
Comments