termination management Flashcards
what is termination
where the employee leaves a particular workplace, ending the employee relationship. termination can be voluntary or involuntary
what is retirement
where the employee decides to leave the workforce. it is voluntary and a period of notice must be given by the employee so the employer can negotiate an end date.
retirement entitlements
entitled access to superannuation once they hit retirement age set by the government. some may be entitled to a pension.
transition issues of retirement
businesses can help retirement transition issues by providing employee with counselling, investment advice, and lifestyle planning.
what is redundancy
when an employee is terminated because the business no longer needs a particular job to be done or fewer people to do that particular type of job.
when does redundancy occur
an employer is closing its business, new technology is introduced, duties of a position are reallocated to other employees.
entitlements of redundancy
redundancy package which is a financial payment based on how long they have worked for the business. also entitled to time off work to attend job interviews.
transitions issues of redundancy
organisations can offer support by providing counselling, career counselling and extra training.
what is resignation
occurs when an employee voluntarily decides to leave a business, generally to take up another position.
resignation entitlements
remunerations, accured annual leave, long service leave
transition issues of resignation
it is unlikely that the employee will need assistance.
what is dismissal
often referred to as being fired. main reasons for dismissal are unsatisfactory work performance or illegal behaviour. employer must provide written notice of termination and reasons.
entitlements of dismissal
full payment for the work they have completed, annual leave, any payments for the notice given.
transition issues of dissmissal
some businesses offer career transition services.
