logo image

ATD Blog

Severance Policies Important as Economy Recovers

By

Thu Oct 15 2009

Loading...

As the unemployment rate catapulted upwards to nearly 10 percent over the past year, the importance of severance polices was prevalent at companies across the country. The 2009 BenchmarkPro results showed that 55.2 percent of companies surveyed currently have a severance policy in place.

Companies in the manufacturing industry report having severance policies at a rate of 66 percent, compared to the insurance industry, 61.9 percent. Healthcare offers severance at a rate of 53.6 percent, while utility companies offer it at 45.4 percent. Severance is offered least to employees at not-for-profits, 41.6 percent.

Advertisement

Read the full release.

You've Reached ATD Member-only Content

Become an ATD member to continue

Already a member?Sign In

Advertisement
Advertisement

Copyright © 2024 ATD

ASTD changed its name to ATD to meet the growing needs of a dynamic, global profession.

Terms of UsePrivacy NoticeCookie Policy