Termination Management Flashcards

1
Q

Termination Management

A

Termination results from a decision of either the employee (voluntary) or the employer (involuntary), and is the
processes of ending a contract of employment.

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2
Q

Voluntary Types of Termination

A

Retirement

Resignation

Redundancy

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3
Q

Involuntary Types of Termination

A

Dismissal

Redundancy

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4
Q

Retirement

A

When an employee leaves the workforce permanently, typically due to age or personal choice. Factors include access to superannuation and the Age Pension (currently 67).

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5
Q

Resignation

A

When an employee voluntarily leaves their job, usually for another opportunity. A notice period is typically required, and an exit interview can reveal reasons for leaving.

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6
Q

Redundancy

A

When an employee’s position is no longer needed due to business changes like new technology, downsizing, closures, relocations, or restructuring. Employees may receive a redundancy package, including leave and a lump sum payment based on years of service.

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7
Q

Dismissal

A

When an employer terminates an employee’s contract, usually with notice unless for serious misconduct (summary dismissal). The employer must follow fair and lawful procedures and pay any outstanding entitlements.

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8
Q

Unfair Dismissal

A

When an employee is fired due to discrimination, they can file a complaint with the Fair Work Commission (FWC).

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