HRMorning.com » The PR value of severance pay

The PR value of severance pay

October 2, 2009 by Christian Schappel
Posted in: Hiring, In this week's e-newsletter - benefits, Latest News & Views, Pay and benefits


If your company’s had to temporarily downsize — and you’re hoping to bring some of those workers back — here’s what’ll help you do it.

Some form of severance could play a key part in bringing those workers back.

Why? A recent Monster.com study shows most employees only have one week’s pay in their savings account. Often times they’ve saved even less.

So a severance check — no matter how small — could be an invaluable gesture of good will.

Plus, such a gesture could help improve loyalty and retention among those current workers.

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