Dec. 4, 2008 — The world over, employees in the United States who are laid off are paid the least amount of severance no matter what their level of seniority is or amount of tenure with the company.
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|Wed December 31, 2008 9:47 AM||Report Abuse|
Member Since: 5/1/1999
Summaries of surveys in Newsline, are always too light in content to be helpful as desired. I went to learn more about a recent survey promoted in Newsline, and found I needed to shell out $700, oh well. Such "articles" are more advertisement than news.
| ||Mon December 22, 2008 4:41 PM||Report Abuse|
Member Since: 11/1/2004
We all know that the devil is in the details and this is a prime example of summary statistics being completely useless (to a group of compensation professionals). I sort of expect to see something like this featured in USA Today, not on a professional website.
| ||Wed December 17, 2008 12:07 PM||Report Abuse|
Global Compensation Specialist
there are so many differences from one country to another one, from industry, size of companies. 3 weeks for Top executive ... I don't believe this in a company with more than 1000 employees.
| ||Tue December 16, 2008 1:56 PM (edited 12/16/2008) ||Report Abuse|
Member Since: 9/1/2001
I agree with George. Not only that, I believe some countries mandate severance requirements. I don't recall exactly which ones, but France and Australia come to mind. Don't quote me. I do remember in some countries, some of the minimums were well over the typical 1 or 2 week per year "norm" found in at lot of US companies. There is not enough information in this article for useful comparisons.
| ||Tue December 16, 2008 12:43 PM (edited 12/16/2008) ||Report Abuse|
General Manager, Human Resources
Member Since: 5/1/2001
In many countries, the principles guiding severance (expressed as weeks notice) are based on tenure, age & hierachical level, all with a view to determining how long it might take the individual to find a similar position. Rather than blend the rest of the world in one giant melting pot, it would have been useful to see a breakdown by major geographic region, as well as the basis for determining severance amounts.
| ||Tue December 16, 2008 10:39 AM||Report Abuse|
Member Since: 3/1/2002
Would be good if there were some additional specifics based on market segments, such as hospitality and gaming.
| ||Tue December 16, 2008 10:18 AM||Report Abuse|
Member Since: 10/1/1998
| ||Tue December 16, 2008 10:13 AM||Report Abuse|
Sr Director Compensation & HRIS
Member Since: 2/1/2003
Does not provide enough information. While other countries may offer longer severance periods, the real comparator is the dollar value of the severance package. If US salaries are more the value of the package could still exceed that of other countries for a longer period of time.