A pre-pandemic survey found that more than two-thirds of companies have reviewed their severance policies within the last two years, and, 37% said they have made their policies more generous in the past three years. (Photo: Shutterstock)
The LHH Severance and Separation Benefits Benchmark Study surveyed nearly 700 human resource executives and business leaders. Although the survey was conducted January, before the pandemic began to disrupt economies, the upward trend of offering more generous benefit packages indicates broad support among employers of the value of such policies.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
