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Severance Pay in Major Markets around the World

Terminations, layoffs and downsizing have become all too common in today’s turbulent economic labour market. Businesses must be aware of local severance requirements before terminating their employees; they also need to evaluate how downsizing will affect corporate finances and reputation.

Severing employment requires a proper understanding of the laws involving complex severance and restructuring practices as well as statutory protections for employees in different markets. This 2008 report, "Severance Pay in Major Markets around the World," helps employers address challenges in devising effective severance programmes to terminate redundant workers.

The report presents current information on severance pay practices and statutory protection across 26 countries. It provides information on local laws and regulations on severance practices; statutory protection for employees; cost, duration and complexity of workforce reduction; and an estimate of severance benefits and payments by employee group.

Learn more about the Severance Pay in Major Markets around the World

Testing economic times provide the ultimate "stress test" for human capital strategies

Designing efficient employment and benefits programmes for challenging times requires quick access to current, reliable information on worldwide labour conditions, statutory obligations, compensation trends and typical employer practices. To help you through, we've compiled this list of relevant survey reports:

Manage your global workforce:

Americas

		2009 - Global - HR Outlook in China Based on Mercer's comprehensive market data and consulting experience in China, our HR Outlook in China report will help you navigate China's current HR environment and alert you to emerging HR issues and practice trends

		2009 - Global - International Car Policies Report A company car is an important benefit for attracting and retaining top talent. Mercer’s International Car Policies report is a valuable reference guide that can help you to define new strategies and optimise your car policy.

		2009 - Global - Sales Salaries around the World The Sales Salaries around the World report is designed to help managers and HR specialists understand sales and marketing functions.