SlideShare uma empresa Scribd logo
1 de 20
Baixar para ler offline
RETIREMENT AND OTHER
SEPARATIONS
HUMAN RESOURCE MANAGEMENT
SEPARATION




Employee separation is the
process of efficiently and fairly
terminating workers
Separation means cessation of
service or agreement with the
organization for one or other
reason.
BENEFITS OF EMPLOYEE
SEPARATION






Reduced labor costs
Replacements of poor
performances
Increased innovation
The opportunity for greater diversity
TYPES OF EMPLOYEE
SEPARATION
TYPES OF EMPLOYEE
SEPARATION


Involuntary separations
It occurs when an employer decides to terminate its
relationship with an employee due to





Economic necessity or
A poor fit between the employee and the organization.

Voluntary separations
A separation that occurs when an employee decides,
for personal or professional reasons to end the
relationship with the employer.
VOLUNTARY SEPARATIONS
There are two types of voluntary separation
i. Quit
ii. VRS
INVOLUNTARY SEPARATIONS
There are 5 types of involuntary separations
i. Retirement
ii. Discharge
iii. Layoff
iv. Retrenchment
v. Rightsizing
Do You Know What This Movie is
About?
RETIREMENT
Retirement is the point where a person stops
employment completely.
A person may also
semi-retire by reducing
work hours.
FACTOR AFFECTING
RETIREMENT








health status
financial circumstances
attachment to and conditions at work
work-life balance
caring and unpaid work responsibilities
policy context
labor market demand
TYPES OF RETIREMENT









Retirement on Superannuation
Voluntary Retirement
Compulsory Retirement as a measure of
punishment
Compulsory Retirement due to Administrative
Reason
Death While in Service
Retirement due to invalidation on Medical Ground
RIGHTSIZING

The process of a corporation
reorganizing or restructuring
their business by cost-cutting,
reduction of workforce, or reorganizing upper-level
management. The goal is to get the company molded
properly to achieve the maximum profit. The term
rightsizing is often used by companies instead of
downsizing because. it sounds less drastic
RETRENCHMENT
Retrenchment means
“discharge of surplus labor or
staff” by the employer on
account of long period of
layoff, or rationalization or
improved machinery or automation of machines or
similar other reasons.

DISMISSAL


Dismissal is where the
employer chooses to
require the employee to leave, generally for a
reason which is the fault of the employee. The
most common colloquial term for dismissal in
America is "getting fired" whereas in Britain the
term "getting the sack" or "getting sacked" is also
used.
LAYOFF


Layoff is the temporary
suspension or permanent
termination of employment of an employee or
(more commonly) a group of employees for
business reasons, such as when certain positions
are no longer necessary or when a business slowdown occurs.
IMPACT OF LAYOFF







Effects the morale of remaining employees
Regions economic vitality
Entire community suffers
Investors are affected
Company’s image
Difficult to attract & recruit highly skilled
employees
OUTPLACEMENT


Outplacement is the efforts
made by a downsizing
company to help former
employees through the transition to new jobs and
help them re-orient to the job
market. A consultancy firm usually provides the
outplacement services which are paid for by the
former employer and are achieved through
practical advice and psychological support.
Goals of outplacement






Reducing the morale problem of employees who
are about to be laid off.
Minimizing the amount of litigation initiated by
separated employees
Assisting separated employees in finding new jobs
More About the Art of Firing



http://artoffiring.blogspot.in
“Art of Firing”
Retirement and other separations

Mais conteúdo relacionado

Mais procurados

Voluntary retirement scheme
Voluntary retirement schemeVoluntary retirement scheme
Voluntary retirement schemeShivani Desai
 
Human Resource planning
Human Resource planningHuman Resource planning
Human Resource planningAnything Group
 
Supplementary compensation - compensation management - Manu Melwin Joy
Supplementary compensation -  compensation management - Manu Melwin JoySupplementary compensation -  compensation management - Manu Melwin Joy
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
 
Employee Retention
Employee RetentionEmployee Retention
Employee Retentionhumaapkeliye
 
Compensation & Benefits Management - HRM
Compensation & Benefits Management - HRMCompensation & Benefits Management - HRM
Compensation & Benefits Management - HRMIMRAN KHAN
 
Compensation management
Compensation managementCompensation management
Compensation management805984
 
Pay for -performance
Pay for -performancePay for -performance
Pay for -performancepr11ms1064
 
Internal mobility & separations
Internal mobility & separationsInternal mobility & separations
Internal mobility & separationsKalpana Udhaya
 
Human Resource Planning
Human Resource Planning Human Resource Planning
Human Resource Planning SadiahAhmad
 
Human resource informtion system ppt
Human resource informtion system pptHuman resource informtion system ppt
Human resource informtion system pptAnkur Bhadauria
 
Grievance & its handling procedure
Grievance & its handling procedureGrievance & its handling procedure
Grievance & its handling procedureManisha Srivastava
 
Training Functions, Training Needs Assessment, Action Research, Organizationa...
Training Functions, Training Needs Assessment, Action Research, Organizationa...Training Functions, Training Needs Assessment, Action Research, Organizationa...
Training Functions, Training Needs Assessment, Action Research, Organizationa...Ashish Hande
 
wage and salary administration
wage and salary administrationwage and salary administration
wage and salary administrationatul0107
 

Mais procurados (20)

HR policies
HR policiesHR policies
HR policies
 
Voluntary retirement scheme
Voluntary retirement schemeVoluntary retirement scheme
Voluntary retirement scheme
 
Human Resource planning
Human Resource planningHuman Resource planning
Human Resource planning
 
Supplementary compensation - compensation management - Manu Melwin Joy
Supplementary compensation -  compensation management - Manu Melwin JoySupplementary compensation -  compensation management - Manu Melwin Joy
Supplementary compensation - compensation management - Manu Melwin Joy
 
Employee Retention
Employee RetentionEmployee Retention
Employee Retention
 
Downsizing
DownsizingDownsizing
Downsizing
 
Compensation & Benefits Management - HRM
Compensation & Benefits Management - HRMCompensation & Benefits Management - HRM
Compensation & Benefits Management - HRM
 
Compensation management
Compensation managementCompensation management
Compensation management
 
Pay For Performance ppt
Pay For Performance pptPay For Performance ppt
Pay For Performance ppt
 
Compensation ppt
Compensation pptCompensation ppt
Compensation ppt
 
HR Audit.
HR Audit. HR Audit.
HR Audit.
 
Pay for -performance
Pay for -performancePay for -performance
Pay for -performance
 
Internal mobility & separations
Internal mobility & separationsInternal mobility & separations
Internal mobility & separations
 
HR CHALLENGES
HR CHALLENGESHR CHALLENGES
HR CHALLENGES
 
Human Resource Planning
Human Resource Planning Human Resource Planning
Human Resource Planning
 
Orientation hrm
Orientation hrmOrientation hrm
Orientation hrm
 
Human resource informtion system ppt
Human resource informtion system pptHuman resource informtion system ppt
Human resource informtion system ppt
 
Grievance & its handling procedure
Grievance & its handling procedureGrievance & its handling procedure
Grievance & its handling procedure
 
Training Functions, Training Needs Assessment, Action Research, Organizationa...
Training Functions, Training Needs Assessment, Action Research, Organizationa...Training Functions, Training Needs Assessment, Action Research, Organizationa...
Training Functions, Training Needs Assessment, Action Research, Organizationa...
 
wage and salary administration
wage and salary administrationwage and salary administration
wage and salary administration
 

Semelhante a Retirement and other separations

Seperation in HR Managment.pdf
Seperation in HR Managment.pdfSeperation in HR Managment.pdf
Seperation in HR Managment.pdfAmitha72
 
Ultimate Guide to Planned Recruitment
Ultimate Guide to Planned RecruitmentUltimate Guide to Planned Recruitment
Ultimate Guide to Planned RecruitmentNitin Sanker
 
Demotion And Separation
Demotion And SeparationDemotion And Separation
Demotion And SeparationRahul Kantak
 
Human Resources Insight - Termination- Training Manual
Human Resources Insight - Termination- Training ManualHuman Resources Insight - Termination- Training Manual
Human Resources Insight - Termination- Training ManualLaura Lee
 
Retention and seperation module v
Retention and seperation  module vRetention and seperation  module v
Retention and seperation module vSwarup Dutta
 
TERMINATION.pptx tis a nsg managmant topic how to terminate the employee .
TERMINATION.pptx tis a nsg managmant topic  how to terminate the employee .TERMINATION.pptx tis a nsg managmant topic  how to terminate the employee .
TERMINATION.pptx tis a nsg managmant topic how to terminate the employee .atalkailash1990
 
Separation & retention
Separation & retentionSeparation & retention
Separation & retentionChirag Tewari
 
Strike, layoff & voluntary retirement scheme
Strike, layoff & voluntary retirement schemeStrike, layoff & voluntary retirement scheme
Strike, layoff & voluntary retirement schemePraveen Pai
 
Presentation of hrm
Presentation of hrmPresentation of hrm
Presentation of hrmju
 
Human resource management presentation
Human resource management presentationHuman resource management presentation
Human resource management presentationKaran Chaudhary
 
Redundancy, Retrenchment and Separation
Redundancy, Retrenchment and SeparationRedundancy, Retrenchment and Separation
Redundancy, Retrenchment and SeparationlegalPadmin
 
Transfer_and_separation_definition.pptx
Transfer_and_separation_definition.pptxTransfer_and_separation_definition.pptx
Transfer_and_separation_definition.pptxMayuriSinghal2
 
Absentism and turnover in company
Absentism and turnover in companyAbsentism and turnover in company
Absentism and turnover in companytigerjayadev
 

Semelhante a Retirement and other separations (20)

Seperation in HR Managment.pdf
Seperation in HR Managment.pdfSeperation in HR Managment.pdf
Seperation in HR Managment.pdf
 
Ultimate Guide to Planned Recruitment
Ultimate Guide to Planned RecruitmentUltimate Guide to Planned Recruitment
Ultimate Guide to Planned Recruitment
 
Demotion And Separation
Demotion And SeparationDemotion And Separation
Demotion And Separation
 
Chapter 08
Chapter 08Chapter 08
Chapter 08
 
Human Resources Insight - Termination- Training Manual
Human Resources Insight - Termination- Training ManualHuman Resources Insight - Termination- Training Manual
Human Resources Insight - Termination- Training Manual
 
Retention and seperation module v
Retention and seperation  module vRetention and seperation  module v
Retention and seperation module v
 
TERMINATION.pptx tis a nsg managmant topic how to terminate the employee .
TERMINATION.pptx tis a nsg managmant topic  how to terminate the employee .TERMINATION.pptx tis a nsg managmant topic  how to terminate the employee .
TERMINATION.pptx tis a nsg managmant topic how to terminate the employee .
 
Separation & retention
Separation & retentionSeparation & retention
Separation & retention
 
Employees Separation.pptx
Employees Separation.pptxEmployees Separation.pptx
Employees Separation.pptx
 
Strike, layoff & voluntary retirement scheme
Strike, layoff & voluntary retirement schemeStrike, layoff & voluntary retirement scheme
Strike, layoff & voluntary retirement scheme
 
Presentation of hrm
Presentation of hrmPresentation of hrm
Presentation of hrm
 
Human resource management presentation
Human resource management presentationHuman resource management presentation
Human resource management presentation
 
Rightsizing
RightsizingRightsizing
Rightsizing
 
Redundancy
RedundancyRedundancy
Redundancy
 
Redundancy, Retrenchment and Separation
Redundancy, Retrenchment and SeparationRedundancy, Retrenchment and Separation
Redundancy, Retrenchment and Separation
 
They did what?! Avoid the costly mistakes other companies make
They did what?! Avoid the costly mistakes other companies makeThey did what?! Avoid the costly mistakes other companies make
They did what?! Avoid the costly mistakes other companies make
 
24. movements of employees
24. movements of employees24. movements of employees
24. movements of employees
 
Transfer_and_separation_definition.pptx
Transfer_and_separation_definition.pptxTransfer_and_separation_definition.pptx
Transfer_and_separation_definition.pptx
 
Absentism and turnover in company
Absentism and turnover in companyAbsentism and turnover in company
Absentism and turnover in company
 
Reduction in force
Reduction in forceReduction in force
Reduction in force
 

Mais de Kanwaljit kaur Gosal

Mais de Kanwaljit kaur Gosal (8)

Cadbury sales and distribution
Cadbury  sales and distributionCadbury  sales and distribution
Cadbury sales and distribution
 
Corporate Social Responsibility of Cadbury
Corporate Social Responsibility of CadburyCorporate Social Responsibility of Cadbury
Corporate Social Responsibility of Cadbury
 
India vs japan
India vs japanIndia vs japan
India vs japan
 
Capital budgeting techniques
Capital budgeting techniquesCapital budgeting techniques
Capital budgeting techniques
 
Case Study on Godrej Chotukool
Case Study on Godrej ChotukoolCase Study on Godrej Chotukool
Case Study on Godrej Chotukool
 
Can business ethics be learned
Can business ethics be learnedCan business ethics be learned
Can business ethics be learned
 
Ecgc organisational structure
Ecgc organisational structureEcgc organisational structure
Ecgc organisational structure
 
Analysis of IRCTC
Analysis of IRCTCAnalysis of IRCTC
Analysis of IRCTC
 

Último

The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxJemalSeid25
 
Scrum Events & How to run them effectively
Scrum Events & How to run them effectivelyScrum Events & How to run them effectively
Scrum Events & How to run them effectivelyMarianna Nakou
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfJohnCarloValencia4
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.mcshagufta46
 
Personal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaPersonal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaEricBonilla13
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...ISONIKELtd
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyHanna Klim
 
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptx
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptxChapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptx
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptxesiyasmengesha
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 

Último (20)

The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptx
 
Scrum Events & How to run them effectively
Scrum Events & How to run them effectivelyScrum Events & How to run them effectively
Scrum Events & How to run them effectively
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.
 
Personal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaPersonal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric Bonilla
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...
ISONIKE Ltd Accreditation for the Conformity Assessment and Certification of ...
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agency
 
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptx
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptxChapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptx
Chapter_Five_The_Rural_Development_Policies_and_Strategy_of_Ethiopia.pptx
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 

Retirement and other separations

  • 2. SEPARATION   Employee separation is the process of efficiently and fairly terminating workers Separation means cessation of service or agreement with the organization for one or other reason.
  • 3. BENEFITS OF EMPLOYEE SEPARATION     Reduced labor costs Replacements of poor performances Increased innovation The opportunity for greater diversity
  • 5. TYPES OF EMPLOYEE SEPARATION  Involuntary separations It occurs when an employer decides to terminate its relationship with an employee due to    Economic necessity or A poor fit between the employee and the organization. Voluntary separations A separation that occurs when an employee decides, for personal or professional reasons to end the relationship with the employer.
  • 6. VOLUNTARY SEPARATIONS There are two types of voluntary separation i. Quit ii. VRS
  • 7. INVOLUNTARY SEPARATIONS There are 5 types of involuntary separations i. Retirement ii. Discharge iii. Layoff iv. Retrenchment v. Rightsizing
  • 8. Do You Know What This Movie is About?
  • 9. RETIREMENT Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours.
  • 10. FACTOR AFFECTING RETIREMENT        health status financial circumstances attachment to and conditions at work work-life balance caring and unpaid work responsibilities policy context labor market demand
  • 11. TYPES OF RETIREMENT       Retirement on Superannuation Voluntary Retirement Compulsory Retirement as a measure of punishment Compulsory Retirement due to Administrative Reason Death While in Service Retirement due to invalidation on Medical Ground
  • 12. RIGHTSIZING The process of a corporation reorganizing or restructuring their business by cost-cutting, reduction of workforce, or reorganizing upper-level management. The goal is to get the company molded properly to achieve the maximum profit. The term rightsizing is often used by companies instead of downsizing because. it sounds less drastic
  • 13. RETRENCHMENT Retrenchment means “discharge of surplus labor or staff” by the employer on account of long period of layoff, or rationalization or improved machinery or automation of machines or similar other reasons. 
  • 14. DISMISSAL  Dismissal is where the employer chooses to require the employee to leave, generally for a reason which is the fault of the employee. The most common colloquial term for dismissal in America is "getting fired" whereas in Britain the term "getting the sack" or "getting sacked" is also used.
  • 15. LAYOFF  Layoff is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slowdown occurs.
  • 16. IMPACT OF LAYOFF       Effects the morale of remaining employees Regions economic vitality Entire community suffers Investors are affected Company’s image Difficult to attract & recruit highly skilled employees
  • 17. OUTPLACEMENT  Outplacement is the efforts made by a downsizing company to help former employees through the transition to new jobs and help them re-orient to the job market. A consultancy firm usually provides the outplacement services which are paid for by the former employer and are achieved through practical advice and psychological support.
  • 18. Goals of outplacement    Reducing the morale problem of employees who are about to be laid off. Minimizing the amount of litigation initiated by separated employees Assisting separated employees in finding new jobs
  • 19. More About the Art of Firing   http://artoffiring.blogspot.in “Art of Firing”