Compensation Resources, Inc. Releases its 2012 Survey of Severance and Employee Turnover

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CRI has released the results of its 2012 Survey of Severance and Employee Turnover.

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Compensation Resources, Inc. (CRI) has released the results of its 2012 Survey of Severance and Employee Turnover. The purpose of this study was to obtain current data on the prevalence of various practices affecting severance policies, as well as turnover, among employers that represent all sizes, locations, and industries. Data was compiled from survey questions that were developed by CRI and distributed to companies in over 11 industries, in addition to not-for-profit organizations. The survey sampled relevant data from a variety of organizations, collected from February through May 2012. There were 133 organizations that participated in this study.

This survey reports the different areas of severance. Some of the information reported includes implementation, updates, how often the current policy is reviewed, length of severance, payment methods and paid out.

Other major points recorded in this survey are:

  •     Healthcare costs and coverage
  •     Outplacement eligibility and services
  •     Covenants

Turnover statistics and trends, covering both voluntary and involuntary turnover, as well as various processes and procedures undertaken as part of an organization’s tracking, are also included based on a cross section of industries.

For more information or to order the survey, please contact Andrew Sellers at (877) 934-0505 x115 or visit our website at http://www.compensationresources.com.

About Compensation Resources, Inc. (CRI): CRI provides compensation and human resource consulting services to mid- and small-cap public companies, private, family-owned, and closely-held firms, as well as not-for-profit organizations. CRI specializes in executive compensation, sales compensation, pay-for-performance and incentive compensation, performance management programs, and expert witness services.

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Andrew Sellers
Compensation Resources, Inc.
(201) 934-0505 115
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