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Fewer Organizations Implementing Hard Minimums/Maximums on Severance Packages

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A new survey confirms there are major changes afoot in severance and separation benefits that will dramatically impact employer brand and talent management.

Lee Hecht Harrison (LHH), a talent development and transition company, and Compensation Resources, Inc., a consulting firm specializing in the design and implementation of organization-wide compensation programs, surveyed 350 senior Human Resources executives and leaders who are responsible for helping their organizations manage talent. The main topics explored in the study include severance, outplacement, redeployment, stay bonuses, and early retirement programs.

Among the major findings in the 2017-2018 Severance & Separation Benefits Study is that severance remains

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