| Upper Saddle River, N.J. – April 1, 2008 - | | | | implementation, updates, how often the current policy is |
| Compensation Resources, Inc.(CRI) has released the | | | | reviewed, employee satisfaction, and paid out. The |
| results of its 2008 Severance Survey. The purpose of | | | | survey also reports by employee level the length of |
| this study was to obtain current data on the | | | | severance based on the manner in which it is, flat |
| prevalence of various practices affecting severance | | | | number of weeks and also number of weeks per |
| policies among employers that represent all sizes, | | | | year of service. |
| locations, and industries. Data was compiled from | | | | Other major points recorded in this survey are: |
| survey questions that were developed by CRI and | | | | • Healthcare costs and coverage |
| distributed to companies in over 18 industries, in addition | | | | • Outplacement eligibility and services |
| to Non-Profit organizations. The survey sampled | | | | • Covenants |
| severance data from a variety of organizations, | | | | This survey covers the major areas of severance |
| collected in February 2008. | | | | and is a necessity in the industry. For the price of $125, |
| This survey reports the different areas of severance. | | | | it is a must have handbook for your company’s |
| Some of the information reported includes | | | | bookshelf. |