Severance Pay Policies Around the World

No one likes to dwell on lay-offs and terminations, but severance policies are a major component of every HR department’s portfolio. Learn how businesses construct and distribute severance pay to their outgoing employees.

Published: August 2020

File format: PDF

Single market PDF

S$ 1,250

What's inside

Differentiate your company from your competitors when saying goodbye to staff

Severance programs offer structure and guidance for HR and affected employees that are leaving an organization, while simultaneously ensuring that they are treated fairly and preparing them to re-enter the job market. This publication breaks down and analyzes global practices for termination and severance pay, offering unprecedented access into how today’s leading organizations handle this sensitive but critical HR area.

Understand statutory and market practice for 32 markets

  • Statutory requirements
  • Severance pay policy
  • Notice periods
  • Severance payments
  • Payment formula

Severance Pay Policy Around the World - Sample report

In the sample report, visualization of items below can be found.


Severance pay policy

  • Eligibility
  • Terminations with cause
  • Terminations without cause
  • Return to company policy
  • Severance payment agreement
  • Layoff alternatives

Notice period

  • Notice period for involuntary individual terminations
  • Notice period for collective dismissals

Severance payments

  • Severance payments for involuntary individual terminations
  • Severance payments for collective dismissals

Payment formula

  • Formula based on years of service
  • Formula based on years of service and age of the employee

Outplacement services

  • Outplacement eligibility
  • Program effectiveness and feedback

Impact of COVID-19

  • Temporary layoffs due to COVID-19
  • Permanent layoffs due to COVID-19

Statutory requirements

  • Individual termination
  • Collective dismissal

Available markets

  • Brazil
  • Canada
  • Singapore
  • United States

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