Are your severance policies a competitive advantage or a hidden liability?
How you manage separations can make or break your employer brand. LHH's 2024 Severance & Separation Benefits Study provides critical insights to help you navigate these challenges with confidence.
Key Findings:
- Most companies offer severance: 90% of companies now offer severance packages, demonstrating a growing commitment to employee care
- A growing trend: 70% of organizations have increased their severance packages in the last three years
- Not just for executives: 61% of companies define severance in employment agreements at all levels, not just for executives
Download the Report
See how you compare to peers in severance & separation benefits.
Dive Deeper
Download the full report for in-depth analysis and granular data, including:
Severance Calculations
Severance calculation formulas by position level and years of service
By Industry
Industry-specific severance trends across 15+ sectors
Outplacement Programs
Typical outplacement program durations for different employee levels
Medical Benefits
Percentage of organizations offering continued medical benefits post-termination
U.S. and Canada
Comparative analysis of severance practices in the U.S. and Canada
Max and Min Severance
Trends in minimum and maximum severance amounts
Stay Bonuses
Insights on stay bonus structures and amounts
