termination management

Question 1

retirement

Answer 1

occurs when an employee decides to permanently leave the paid workforce. associated with older workers and generally comes down to two factors, age of access of superannuation and the qualifying age of pension

Question 2

redundancy

Answer 2

the business decides that the employees position is no longer available, sometimes because technology, lower sales or production, relocation, restructures or reorganises.

Question 3

resignation

Answer 3

the act of telling your employer you are leaving the business, resignation is voluntary termination that occurs when an employee chooses to leave the business, usually to go to another job. a period of notice needs to be given and a exit interview.

Question 4

dismissal

Answer 4

is the termination of an employment by an employer against the will of the employee. this usually due to a breach in policies, regulations, laws or not performing. dismissal should be done in correct and lawful manner.
unlawful dismissal: when an employee is dismissed in a harsh, unjust or unreasonable manner
serious misconduct: employer does not have have to provide any notice of termination or pay outstanding entitlements.

Question 5

entitlement issues

Answer 5

when an employees job becomes redundant an employer must give them redundancy/severance pay. the amount is based on their continuous services with an employer

Question 6

transition issues

Answer 6

important to apply CSR principles to termination management both for the affected workers, morale and job security for those that remain
outplacement services: counciling. skills development, resume writing, job search ect.
assisting employees in their transition: superannuation, pension entitlements, lifestyle planning, farewell speeches