2I - Termination Management

Question 1

Retirement

Answer 1

Involves an individual deciding to leave the workforce permanently as they no longer wish to work.

Question 2

Termination

Answer 2

Is the process whereby a business ends its employment contract with an employee

Question 3

Redundancy

Answer 3

Involves an employee no longer working for a business because there is insufficient work or their job no longer exists

Question 4

Resignation

Answer 4

Involves an employee voluntarily terminating their own employment, usually to take another job position elsewhere

Question 5

Dismissal

Answer 5

Involves the involuntary termination of an employee who fails to meet required work standards or displays unacceptable behavior behaviour

Question 6

Entitlement Considerations

Answer 6

Are legal obligations an employer owes to its employees following the termination of their employment contract

Question 7

Transition Considerations

Answer 7

Are social and ethical practices that a manager can consider implementing when terminating employment