HR Magazine, April 2001: Severance Calculator: Manufacturing vs. Service Industries

Apr 1, 2001

HR Magazine, April 2001Vol. 46, No. 4




The Kindest Cut

MANUFACTURING INDUSTRIES:

Percentage of companies paying indicated amount of severance:

Key ExecsSenior ExecsDept. Heads, ManagersOther ExemptNon ExemptHourly
Less than 1 week per year:

8%

7%

7%

7%

8%

12%

1 week per year:565965666661
2 weeks per year:

19

20

19

19

19

23

3 weeks per year:

1

2

2

2

2

0

1 month per year:

9

8

6

3

2

1

Over one month:

6

4

2

2

2

3

SERVICE INDUSTRIES:

Percentage of companies paying indicated amount of severance:

Key ExecsSenior ExecsDept. Heads, ManagersOther ExemptNon ExemptHourly
Less than 1 week per year:

13%

12%

17%

19%

25%

24%

1 week per year:

46

45

56

58

58

56

2 weeks per year:

13

17

14

9

7

11

3 weeks per year:

0

0

2

0

0

0
1 month per year:

16

17

8

10

5

4

Over one month:1173344
Column percentages in both charts may not equal 100 due to rounding.

Source: Right Management Consultants

MEMBER BENEFITS

CA Resources at Your Fingertips

View all Resources Now

Job Finder

Find an HR Job Near You

SPONSOR OFFERS

Find the Right Vendor for Your HR Needs

SHRM’s HR Vendor Directory contains over 3,200 companies

Search & Connect