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Participation Center Discounts For Members

ASE Survey Services keeps you informed. We provide both local and nation benchmarks. 

 

Recent Survey Results

2019 Severance Pay, Policy, & Practices Survey

 

Highlights of the survey include:

  • Just 18% of those surveyed maintain formal severance plans or policies governing severance arrangements.  More often, severance arrangements are determined on an ad hoc or case by case basis or are included in employment agreements.
  • The most common events that typically trigger severance is position elimination (78%), permanent layoff (56%), at-will termination (47%).
  • The most prevalent method for calculating severance for non-executive plans is years of service (80%).  A majority of those surveyed (57%) grant one week of pay per year of service, typically to a maximum of 24 weeks.
  • Severance benefits for executives is most often negotiated on an individual basis.
  • Half of those surveyed do not continue employee benefits during the severance period.
  • Fewer than half of those surveyed (46%) provide outplacement benefits to those affected by a reduction in force/layoff.  Of those that do, a majority (90%) use an outplacement firm to do so.

    View Press Release

    To access the full survey:
    Members:  Login to your dashboard
    Non-Members:  Contact surveys@aseonline.org or call 248-223-8053
    Cost: Free for ASE members/$525 non members

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American Society of Employers

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19575 Victor Parkway, Suite 100
Livonia, MI 48152

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