What percent of companies offer severance pay?
Answer: – C (60%)
It’s been reported that approximately 60% of businesses have formal severance plans. Losing a job is often unexpected for employees, and a severance package offers some breathing room by providing a paycheck, and potentially, other benefits.
However, employers do not offer severance packages merely to be nice. They are generally offered to provide a level of protection from lawsuits.
To receive the severance package, employees will often need to sign paperwork agreeing to not speak negatively about the company or pursue legal action. And they may prohibit an employee from seeking a job with a competitor.
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