Chap 2.13: Termination management

Front

Define TERMINATION

Back

the process whereby a business ends its employment contract with an employee.

Front

Types of termination: Voluntary and Involuntary

Back

• Voluntary termination is when an employee chooses to leave the business.
• Involuntary termination is when an employee is forced to leave.

Front

VOLUNTARY TERMINATION includes:

Back

• -Retirement
  -Resignation

Front

INVOLUNTARY TERMINATION includes:

Back

-Dismissal
- Redundancy

Front

Retirement

Back

Retirement occurs when an individual decides to leave the workforce permanently.

Front

Resignation

Back

Resignation or 'quitting' involves an employee leaving their job by choice.

Front

Redundancy

Back

Redundancy occurs when there is not enough work in the workplace, or the job no longer exists.

Front

Voluntary redundancy.

Back

Employees are informed and can nominate themselves for redundancy.

Front

Involuntary redundancy .

Back

occurs when an employee is asked to leave because their job no longer exists. The employee is not at fault; the decision is based on the business's needs.

Front

Dismissal

Back

is the termination of an employment contract. Occurs due to unsatisfactory performance or unlawful behavior.