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How Much Severance Pay?

Published by on December 12, 2008

The Connecticut Employment Law Blog has a timely post here about a study on the amount of severance benefits paid out by corporations.  The survey reports the following average weeks of severance pay based on years of service: Voluntarily Separated: Top Executives – 2.76 Senior Executives – 2.23 Department Heads/Managers – 1.55 Professional/Technical – 1.39 […]

The Connecticut Employment Law Blog has a timely post here about a study on the amount of severance benefits paid out by corporations.  The survey reports the following average weeks of severance pay based on years of service:

Voluntarily Separated:

  • Top Executives – 2.76
  • Senior Executives – 2.23
  • Department Heads/Managers – 1.55
  • Professional/Technical – 1.39
  • All other employees – 1.23

Involuntarily Separated:

  • Top Executives – 3.04
  • Senior Executives – 2.49
  • Department Heads/Managers – 1.78
  • Professional/Technical – 1.60
  • All other employees – 1.44
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