CRI Releases Its 2010 Survey of Severance and Employee Turnover

Upper Saddle River, N.J. – January 4, 2011 - Compensation Resources, Inc. (CRI) has released the results of its 2010 Survey of Severance and Employee Turnover.  The purpose of this study was to obtain current data on the prevalence of various practices affecting severance policies, as well as turnover, among employers that represent all sizes, locations, and industries.  Data was compiled from survey questions that were developed by CRI and distributed to companies in over 14 industries, in addition to Not-For-Profit organizations.  The survey sampled relevant data from a variety of organizations, collected in September and October 2010.

This survey reports the different areas of severance.  Some of the information reported includes implementation, updates, how often the current policy is reviewed, length of severance, payment methods and paid out. 

Other major points recorded in this survey are:

·         Healthcare costs and coverage
·         Outplacement eligibility and services
·         Covenants

Turnover statistics and trends, covering both voluntary and involuntary turnover, as well as various processes and procedures undertaken as part of an organization’s tracking, are also included based on a cross section of industries.

For more information or to order the survey, please contact Andrew Sellers at (877) 934-0505 x115.