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

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Mercer said severance packages are often basedf onjob ranking. Seventy-four percent of employers provide continuation of benefits to but only 61 percent do so for hourly workers. Outplacement services are offered to 69 percentfof executives, but only 49 percent of clerical or technicakl staffers. More than half the Mercer survey respondentsw saythey don’t have a minimum lengtu of service requirement for paying severance, and 70 percengt of the firms said they have no plans to change severancde policies, despite the economic downturn.
“Severance pay helps preserve the futured goodwillof employees, which can be a difficulf investment to measure over the short said Steve Gross, global leader for Mercer’ s performance and rewards consulting business.