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How Much Severance to Pay

January 11, 1999
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Related Topics: Termination, Featured Article
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Here's some information about severance pay from a survey of 460 companies nationwide:

  • The average severance pay for senior level execs is two weeks for each year of service. The range is between 13 weeks' pay and 47 weeks' pay.
  • The average pay for middle managers is 1.6 weeks per year of service. The range is between five weeks' pay and 33 weeks' pay.
  • The average pay for non-exempt employees is 1.4 weeks per year of service. The range is from 3-1/2 weeks' pay to 30 weeks' pay.

Source: Manchester, Bala Cynwyd, PA, December 21, 1998.

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