Severance pay and then some

More and more executives receive backup and extra financial support from companies letting them go. according to a 140-corporation survey by Henchey & Co., an outplacement consulting firm in New York.

Sixty-six percent of the organizations replying said they now provide bridging benefits to executives being laid off. These include temporary office space, telephone answering and secretarial services, and full salary for several months. Former policies ended employment usually with only a lump-sum severance payment.

According to the consulting company officials, the new approach lessens the distress of dismissal and often helps the former employee find a new job more quickly.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Severance pay and then some
Read this article in
https://www.csmonitor.com/1982/0826/082638.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us