The Severance Disconnect: Why Aren’t Companies’ Actions Aligning with Their Goals?

Severance Benefits, such as pay, health care continuance, and outplacement are oft cited as ways for companies to achieve their goals of taking care of transitioning employees, limiting liability, and protecting employer brand. However, a recent study of over 250 HR professionals revealed that companies’ severance benefits actually fall short of achieving those goals.

This infographic highlights the disconnect between theory and practice when it comes to offering severance benefits. Did you know that:

39% of employers do not offer severance to all employees?

30% of employers do not have a formal severance policy?

48% of companies with standard severance policies do not offer outplacement?

Discover why your comapny’s severance policy might be falling short of your organizational goals—and how to implement best practices when devleoping your severance policy.