SAN JOSE, Calif., Feb. 3, 2015 /PRNewswire/ -- RiseSmart,
the leading provider of contemporary career transition services, recently
released its Guide to Severance and Workforce Transition, which was based on a
survey of more than 250 U.S. Human Resources professionals. The guide offers
in-depth benchmarking data related to severance, benefits and outplacement
across industries and geographies. One key finding of the survey was the
disconnect between why companies offer severance and how severance benefits are
being implemented.
"When asked why they provide severance, the majority
of the HR professionals selected as their top three reasons to 'take care of
employees,' 'limit company liability,' and 'protect employer brand,'" said
Sanjay Sathe, president and CEO of Rise Smart. "But based on the actual
benchmarks, the actions companies take when implementing a severance policy
don't necessarily support those goals."
While the number one reason respondents gave for offering
severance was to "take care of employees," the survey found that, on
average, 39 percent of employers do not offer severance to all employees. In
some industries, such as banking/financial markets, the percentage of employers
that do not offer severance to all employees was even higher at 56 percent.
More than 250 HR professionals across 16 industries in
the U.S. participated in the study, many of whom held the title of vice
president or director of human resources. While representatives from
organizations at all sizes chose to participate, at least 34 percent were from
Fortune–ranked companies.
"RiseSmart conducted this survey in order to provide
other leaders in the human resources field with industry-specific data on what
their competitors and peers are offering to employees," Sathe said.
"These findings provide a valuable insight on industry sentiment and
actual policy and how they may differ in practice."
The industries represented in the survey include
automotive, health care, banking and financial markets, computer software,
telecommunication and electronics, wholesale and retail, construction and
manufacturing, and information technology, as well as others. In addition to
severance, the study also looked at other benefits, including outplacement,
redeployment, and health plan continuation.
For a comprehensive look at the results of the survey and
to download a copy of the Guide to Severance and Workforce Transition, visit
www.risesmart.com.
About RiseSmart
RiseSmart is a leading provider of contemporary career
transition services that strengthen employer brands, improve retention and
re-engage talent. RiseSmart's contemporary approach to outplacement combines
personalized services from trained professionals with unmatched technology
delivered through a convenient, cloud-based platform. High-performing
organizations in more than 40 industries rely on RiseSmart's outplacement
solution, RiseSmart Transition, to help former employees find new jobs faster.
Landing rates exceeding 80 percent and time-to-placement averages more than 60
percent faster than national averages have helped make RiseSmart the nation's
fastest-growing outplacement firm. RiseSmart's innovative approach to human
capital management has earned the company a wide range of awards and
recognition from organizations including Bersin by Deloitte, the Best in Biz,
Gartner Inc., the Golden Bridge Awards, GreatRated!, LAROCQUE, the Momentum
Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon
Valley/San Jose Business Journal, the Stevie Awards and TIE. Additionally,
RiseSmart's outplacement solution has earned the exclusive endorsement of the
American Hospital Association. For more information about how enterprise career
management can help you, visit www.risesmart.com.
Source: PR
Newswire
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