KK7: 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
an employer owes to its
employees following
the termination of their
employment contract.

Question 7

Annual or long service leave

Answer 7

Any annual leave or accumulated long service leave must be paid out to an employee upon the termination of their contract.

Question 8

Redundancy pay

Answer 8

When an employee is made redundant, they are often entitled to financial compensation from the business for the termination of their employment. The size of this redundancy pay will be higher for employees who have
worked at the business for a longer period of time. Redundancy pay is not usually paid to employees hired for less than 12 months.

Question 9

Notice of termination

Answer 9

There must be sufficient notice for any redundancies and dismissals to provide the employee with time to prepare for their loss of employment

Question 10

Justifiable reasons
for employment
termination

Answer 10

An employer must provide valid reasons for the redundancy or dismissal
of an employee for it to be considered lawful. For redundancies, valid
reasons include store closure, relocation overseas, or the introduction
of technology. For dismissals, valid reasons include poor employee
performance or a serious breach of contract.

Question 11

Transition considerations 

Answer 11

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

Question 12

Transitions considerations:LIST

Answer 12

offering resume writing or interview training to employees to improve their employability.
* providing networking support for employees in the form of contacts that they can use to gain
future employment.
* providing flexible working hours that allow employees to attend interviews at other
businesses.
* introducing counselling and financial services to ease the uncertainty of leaving the business.
* holding celebrations and providing recognition of the achievements of employees who are
leaving the business.
* slowly reducing the working hours of retiring employees to help them adjust to a change
in their lifestyle.