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Severance Pay in Major
Markets around the World
Terminations, layoffs and downsizing have become
all too common in today’s turbulent economic labour market. Businesses must be
aware of local severance requirements before terminating their employees; they
also need to evaluate how downsizing will affect corporate finances and
reputation.
Severing
employment requires a proper understanding of the laws involving complex
severance and restructuring practices as well as statutory protections for
employees in different markets. This 2008 report, "Severance Pay in Major
Markets 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 26 countries. It provides information on local laws
and regulations on severance practices; statutory protection for employees;
cost, duration and complexity of workforce reduction; and an estimate of
severance benefits and payments by employee group.
Testing economic times provide the ultimate "stress test" for human capital strategies
Designing efficient employment and benefits programmes for challenging times requires quick access to current, reliable information on worldwide labour conditions, statutory obligations, compensation trends and typical employer practices. To help you through, we've compiled this list of relevant survey reports:
2009 - Global - HR Outlook in China Based on Mercer's comprehensive market data and consulting experience in China, our HR Outlook in China report will help you navigate China's current HR environment and alert you to emerging HR issues and practice trends
2009 - Global - International Car Policies Report A company car is an important benefit for attracting and retaining top talent. Mercer’s International Car Policies report is a valuable reference guide that can help you to define new strategies and optimise your car policy.