2i - termination management

Question 1

what is termination?

Answer 1

the process in which a business ends its employment contract with an employee

Question 2

what is retirement?

Answer 2

individual permanently leaves workforce as they no longer wish to work due to enough accumulated money or age/physicality barrier

Question 3

what is redundancy?

Answer 3

employee leaves due to insufficient work, or role no longer existing because new technology or insufficent money to pay employees

Question 4

what is resignation?

Answer 4

employee voluntarily ending on employment with business, usually to take position elsewhere to advance further or for better wages/ work conditions

Question 5

what is dismissal (firing/sacking)?

Answer 5

involuntary termination of an employee who fails to meet work standards or demonstrates unacceptable behaviour

Question 6

what are entitlement considerations?

Answer 6

legal obligations employers must uphold following a termination (eg. annual/long service leave, notice of termination)

Question 7

what are transition considerations?

Answer 7

social responsibilities a business can uphold following a termination (eg. offer resume writing or interview training to improve employability, provide flexible hours so employee can attend interviews for other jobs)