Severance is in a constant state of renewal - get the latest research

Are you one of the 96% of organizations that has made or is making changes to their severance policies? How do your practices measure up to industry best practices? What were the forces driving layoffs in the past 12 months and what will cause them in the year ahead?

Randstad RiseSmart’s 2023 Global Severance Research eBook is now available to help you benchmark your severance policies and redeployment programs. This third-party validated survey of more than 400 HR and procurement professionals across the U.S., U.K., Germany and Australia uncovers what downsizing actions organizations are taking and planning to take over the next year.

Did 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.

Get your eBook now to access insights and recommendations that will help you benchmark your organization’s practices and optimize your severance policies.