RETIREMENT AND OTHER
SEPARATIONS
HUMAN RESOURCE MANAGEMENT
SEPARATION




Employee separation is the
process of efficiently and fairly
terminating workers
Separation means cessati...
BENEFITS OF EMPLOYEE
SEPARATION






Reduced labor costs
Replacements of poor
performances
Increased innovation
The o...
TYPES OF EMPLOYEE
SEPARATION
TYPES OF EMPLOYEE
SEPARATION


Involuntary separations
It occurs when an employer decides to terminate its
relationship w...
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. Retrenchm...
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
w...
FACTOR AFFECTING
RETIREMENT








health status
financial circumstances
attachment to and conditions at work
work...
TYPES OF RETIREMENT









Retirement on Superannuation
Voluntary Retirement
Compulsory Retirement as a measure of...
RIGHTSIZING

The process of a corporation
reorganizing or restructuring
their business by cost-cutting,
reduction of workf...
RETRENCHMENT
Retrenchment means
“discharge of surplus labor or
staff” by the employer on
account of long period of
layoff,...
DISMISSAL


Dismissal is where the
employer chooses to
require the employee to leave, generally for a
reason which is the...
LAYOFF


Layoff is the temporary
suspension or permanent
termination of employment of an employee or
(more commonly) a gr...
IMPACT OF LAYOFF







Effects the morale of remaining employees
Regions economic vitality
Entire community suffers...
OUTPLACEMENT


Outplacement is the efforts
made by a downsizing
company to help former
employees through the transition t...
Goals of outplacement






Reducing the morale problem of employees who
are about to be laid off.
Minimizing the amoun...
More About the Art of Firing



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

  1. 1. RETIREMENT AND OTHER SEPARATIONS HUMAN RESOURCE MANAGEMENT
  2. 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. 3. BENEFITS OF EMPLOYEE SEPARATION     Reduced labor costs Replacements of poor performances Increased innovation The opportunity for greater diversity
  4. 4. TYPES OF EMPLOYEE SEPARATION
  5. 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. 6. VOLUNTARY SEPARATIONS There are two types of voluntary separation i. Quit ii. VRS
  7. 7. INVOLUNTARY SEPARATIONS There are 5 types of involuntary separations i. Retirement ii. Discharge iii. Layoff iv. Retrenchment v. Rightsizing
  8. 8. Do You Know What This Movie is About?
  9. 9. RETIREMENT Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours.
  10. 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. 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. 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. 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. 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. 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. 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. 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. 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. 19. More About the Art of Firing   http://artoffiring.blogspot.in “Art of Firing”
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