Termination management

Question 1

Retirement

Answer 1

• Occurs for multiple reasons/ voluntary termination

- Earnt enough money/ retire

Question 2

Redundancy

Answer 2

• No longer enough work for employee
• Business can’t afford current level of employees
• Business makes positions redundant (group of employees nominate themselves)
• Manager notifies employees that positions redundant

Question 3

Resignation

Answer 3

• Employee voluntarily terminates themselves

- Better opportunities, better wages

Question 4

Dismissal

Answer 4

• Involuntary of employee who fails to meet required standard

Question 5

Entitlement

Answer 5

• Annual leave/ long service leave
• Redundancy pay
• Notice of termination
• Justification

Question 6

Transition

Answer 6

• Resume assistance
• Network support
• Counselling/ financial services
• Celebrate/ farewell pay
• Reducing hours