Sentence examples for average severance from inspiring English sources
They received an average severance payment of £164,200.
And "the average severance package for a departing C.E.O.
Israeli newspapers have suggested that it will involve an average severance payout of $30,000, with a maximum, for senior officers, of $175,000 -- apparently to be paid out of the $74 million that Prime Minister Barak has set as the cost of a unilateral withdrawal.
According to a survey of 531 companies by compensation consulting firm Watson Wyatt, the average severance for an employee with a company one year is three weeks; five years of service gets seven weeks; ten years of service gets 13 weeks pay; and 20 years of service gets 22 weeks.
The more than 2,000 who left received an average of $100,000 in severance pay and were permitted to sell their agencies for, in many cases, several hundred thousand dollars.
The other 2,000, who left the company, received an average of $100,000 in severance pay and were permitted to sell their agencies and keep the proceeds.
Moreover, workers obtain, on average, only 40%% of severance payments due to them; in other words, most of the complying firms are complying only partially.
"You have to give [laid-off employees] 2 months' notice and then you have to give them [on average] 4 months' severance pay, so you aren't saving any money" in fiscal year 2011, he says.
According to a survey by Challenger, Gray & Christmas, an outplacement firm that compiles monthly data on corporate layoffs, those severance checks averaged about 10 weeks' salary through the second quarter this year for managers and executives, about half what they were three years ago.
Each person laid off gets, on average, about six months' worth of severance pay and outplacement services.
