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

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