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.
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.
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”