Devising a layoff policy that strikes a balance between company costs and severance pay - 2009 Edition Available Now!

Key features

Understand severance pay practices in 31 major markets

Today’s turbulent economic labour market has led to large-scale terminations,layoffs and downsizing. Before terminating employees, employers should have a working knowledge of local regulations and evaluate how their decisions will affect company costs and long-term people strategies.

Crafting an effective severance policy requires a detailed understanding of the complex laws governing severance and restructuring practices and protections for employees in different markets. This 2009 report, "Severance Pay around the World,” helps employers address challenges in devising effective severance programmes to terminate redundant workers..

The report presents current information on severance pay practices and statutory protection across 31 countries (five more countries than in last year’s report). It provides concise information about local laws and severance practice regulations; statutory protection for employees; and the cost, duration and complexity of workforce reduction. It also presents typical severance benefits and payments by employee group.

Severance Pay around the World also includes case studies that illustrate severance practices and end-of-service calculations in different countries.These case studies cover scenarios with different employee levels, experience levels and salary structures.

Get a copy of this report to help determine the most effective ways to handle issues related to involuntary termination of service and to assess whether your severance pay fairly compensates your redundant employees.

Countries included

Americas

Asia-Pacific

Europe and UAE

Countries in bold are new in this report.

Pricing information

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