Nationwide, severance benefits have declined a bit since 2001, according to a survey of 1,030 HR executives by consultant Lee Hecht Harrison. Only one-third of employers changed their severance policies during the past three years. Of those, half of them cut severance benefits. Other stats: 49 percent of employers now offer severance pay to at least some part-time workers, compared with 39 percent in 2001. Only 2 percent pay severance to temporary and contract workers.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Before you decide to fire, make sure past job evaluations support your rationale
- What factors should we weigh when deciding whether to offer severance package?
- Make termination decisions stick by documenting discipline at the time it occurs
- How should we conduct an investigation?