NEW LHH REPORT REVEALS RISE IN SEVERANCE IN NORTH AMERICA AMID INCREASED MARKET VOLATILITY [Globe and Mail, The (Toronto, Canada)]
ADECCO GROUP AG UNSP/ADR (AHEXY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Globe and Mail, The
NEW YORK Nov. 18, 2024 /CNW/ -- LHH, a leading integrated talent solutions provider and global business unit of the Adecco Group, today unveiled the findings of its Severance & Separation Benefits 2024 Benchmarks Study. Based on surveys of 500 U.S. and 200 Canadian HR leaders, this study reveals that severance has become standard practice across North America , with nearly 90% of organizations now offering severance packages and 91% reviewing their policies in the last two years. Last conducted in 2020, this year's study seeks to explore the current landscape of severance and separation benefits, defined by the volatility of today's labor market and the implementation of new technologies like AI. In the face of rapid change, LHH found that organizations are placing increased emphasis on the employee experience by formalizing and expanding severance offerings and considering the benefits of redeploying or upskilling employees. "Our newest study shows that severance policies are in
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