Severance Pay A Perk?

Jan. 13, 2005
Compiled By Traci Purdum The recent bout of layoffs from companies across the board has job seekers negotiating severance packages as part of their acceptance of a job, according to a recent survey conducted by TrueCareers, a Reston, Va.-based ...
Compiled ByTraci Purdum The recent bout of layoffs from companies across the board has job seekers negotiating severance packages as part of their acceptance of a job, according to a recent survey conducted by TrueCareers, a Reston, Va.-based e-recruiting business launched by educational-loan provider Sallie Mae. In fact, 63% of job seekers report that negotiating severance agreements is an important part of the job-attainment process. Additionally, 40% of the 1,100 survey respondents say that they research severance and outplacement policies before initiating employment discussions with a company. What do potential employees think is a good severance package? According to the survey two-thirds say that six months or more severance pay is reasonable.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!