Lesson 3 part 1 Flashcards
Refers to the process of an employee leaving an organization, either voluntarily or involuntarily. The types of employee separation include:
Employee Separation
When an employee decides to leave the organization on their own.
Voluntary Separation
Resignation
hen an employee leaves the workforce after reaching a certain age or fulfilling specific criteria.
Voluntary Separation
Retirement
When an employee is dismissed from the organization due to performance issues or misconduct,
Involuntary Separation
Termination
Letting go of an employee due to economic reasons, restructuring, or downsizing.
Involuntary Separation
Layoff
Involuntary Separation
temporarily removed from their job duties, usually as a disciplinary measure or pending the outcome of an investigation. Suspension can be with or without pay, depending on the severity of the issue and company policy
Involuntary Separation
Suspension
When both the employee and employer agree on the terms of separation, often involving a severance package.
Mutual Agreement
Severance
refers to the process of reducing the workforce within an organization due to financial constraints, restructuring, or a decrease in business operations.
Mutual Agreement
Retrenchment