Severance Tied to Tenure and Position as Formal Policies Decline
The most common methods of determining a final severance payout remain a flat number of weeks based on years of service, followed by number of weeks by position level and years of service, a new study shows.
SHRM is a professional human resources membership association headquartered in Alexandria, Virginia. SHRM promotes the role of HR as a profession and provides education, certification, and networking to its members, while lobbying Congress on issues pertinent to labor management.
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