I am working to benchmark what if you are offering severance when you layoff US manufacturing employees, if yes, how many weeks are offered per year of service?
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no title10 months ago
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Significant23%
Noticeable/Meaningful35%
Minimal33%
Zero9%
1-2 rounds6%
3-4 rounds42%
5-7 rounds45%
8-11 rounds4%
11-14 rounds1%
> 15 rounds
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There is no severance pay as such, for the surplus work force reduction list, its 4 weeks notice + 1 additional week for every year completed in the organization.
Standard notice period is 2 weeks (paid) for all exits.
Let me know if it helps.