Study: Higher job levels get better severance - Pacific Business News (Honolulu):

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Mercer said severance packages are oftenb based onjob Seventy-four percent of employers provide continuation of benefits to but only 61 percent do so for hourly workers. Outplacement servicew are offered to 69 percengof executives, but only 49 percent of clerical or technical staffers. More than half the Mercer survey respondents saythey don’tt have a minimum length of service requirement for payin g severance, and 70 percent of the firms said they have no plansx to change severance despite the economic downturn.
“Severance pay helps preserve the futur e goodwillof employees, which can be a difficult investment to measurde over the short term,” said Steve global leader for Mercer’s performanc and rewards consulting business.