2023 global severance research from Randstad RiseSmart
Benchmark your severance policies against the findings of the 2023 Global Severance research.
severance is in a constant state of renewal
Is your organization one of the 96% of companies that has changed or is making changes to its severance policies? Randstad RiseSmart’s 2023 Global Severance Research provides critical insights to help you protect your employer brand, meet expectations and minimize negative sentiment during downsizing.
benchmark your severance policies
Randstad RiseSmart’s third-party validated survey of more than 400 HR and procurement professionals from organizations of all sizes across Australia, Germany, the U.K. and the U.S. uncovers which downsizing actions are most likely to create negative sentiment, how employers are adjusting policies to meet market expectations, which components of a redeployment program are most effective in mitigating the fallout and more. Get your eBook now to access insights and recommendations that will help you benchmark your organization’s practices and optimize your severance policies.
do you know?
96% of organizations have taken some kind of downsizing action over the last 12 months, and 92% anticipate taking further action in the next 12 months.
80% of respondents rated their handling of downsizing as excellent or very good, but that view is not shared by employees.
While redeployment is the most common downsizing action, only 46% of organizations report that their redeployment program is very effective.