The state of severance.
Right-sizing, severance, restructuring, layoffs, reduction in force — while different names, they all convey what is often the most challenging part of business: having to let people go. If your company is considering taking this step, you likely have many questions:
• How do our severance policies stack up against industry best practices?
• What were the forces driving layoffs for other businesses in the last 12 months, and what will cause them in the next 12 months?
• Do we know what causes employees to react most negatively during layoffs or restructuring?
To get a better understanding of how businesses are managing these sensitive topics, and to uncover best practices and advice, Randstad RiseSmart conducted a third-party validated survey of more than 400 human resources and procurement decision-makers in four key markets — Australia, Germany, United Kingdom and the United States. The research uncovers employers’ actions around layoffs, severance policies, redeployment and more to help you benchmark your own processes and policies.
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