2I - Termination Management

Question 1

Termination

Answer 1

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

Question 2

Retirement

Answer 2

involves an individual deciding to leave the workforce permanently as they no longer wish to work.

Question 3

Redundancy

Answer 3

involves an employee no longer working for a business because there is insufficient work or their job no longer exists.

Question 4

Resignation

Answer 4

involves an employee voluntarily terminating their own employment, usually to take another job position elsewhere.

Question 5

Dismissal

Answer 5

involves the involuntary termination of an employee who fails to meet required work standards or displays unacceptable or unlawful behaviour.

Question 6

Entitlement considerations

Answer 6

are legal obligations an employer owes to its employees following the termination of their employment contract.

Question 7

Transition considerations

Answer 7

are social and ethical practices that a manager can consider implementing when terminating employment.