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Severance Policies around the World

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CREATING FAIR, COMPLIANT POLICIES FOR TERMINATED EMPLOYEES

The 2013 Edition is the latest report available. No updates are planned for the future.

Severance Pay around the World

Facilitate an employee’s departure by providing fair and compliant severance provisions.



As companies face fierce competition and new challenges, the pressure to perform more effectively is increasing, resulting in frequent restructuring, downsizing, and cutbacks. In such scenarios, employers need to support separating employees with severance packages to compensate for the loss of employment and livelihood. Understanding how severance practices vary by country is a critical component of an effective global workforce strategy.

Crafting an effective separation policy requires detailed understanding of the complex laws governing severance and restructuring practices and protections for employees in different markets. Mercer’s 2013 Severance Policies around the World helps employers to design a competitive and legally stipulated policy that addresses:

  • Current information on severance policies and statutory practices in 64 countries.
  • Cost, duration, and complexity of workforce reduction.
  • Legal requirements on individual and collective dismissals.

The report assists employers in effectively handling involuntary terminations of service.

COMPREHENSIVE DATA

Severance Policies around the World offers an in-depth collection of global information.


Coverage
  • 64 countries.
Regions
  • Americas.
  • Asia Pacific.
  • Central and Eastern Europe.
  • Middle East and Africa.
  • Western Europe..
Country overviews
  • Employment contract requirements.
  • Types of contracts.
  • Duration.
  • Trial period.
  • Invalid contracts.
Statutory obligations
  • Employer obligations.
  • Employee obligations.
  • Women.
  • Minors.
Severance requirements
  • Individual termination.
  • Collective dismissal.




Countries covered

Americas
  • Argentina
  • Bolivia
  • Brazil
  • Canada
  • Chile
  • Colombia
  • Ecuador
  • Mexico
  • Peru
  • Puerto Rico
  • United States
  • Venezuela
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Asia
  • Australia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
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Central and Eastern Europe
  • Croatia
  • Czech Republic
  • Hungary
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Russia
  • Serbia
  • Slovakia
  • Slovenia
  • Turkey
  • Ukraine
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Middle East and Africa
  • Lebanon
  • Morocco
  • Saudi Arabia
  • South Africa
  • United Arab Emirates
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Western Europe
  • Austria
  • Belgium
  • Cyprus
  • Denmark
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Portugal
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom
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