Let's Learn about Employees Separation through these Slides

1. Employees
Separation
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Presented By:- Mobashshir Kareem Ansari
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2. What is Separation?
• Separation occurs when an employee leaves the
organization.
Separation
Voluntary Involuntary
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3. Voluntary
Quits/Resignation
Voluntary Retirements
System [VRS]
Involuntary
Dismissal
Retrenchments
Layoff
Rightsizing
Retirement
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4. Quits/Resignation
When an employee voluntarily resigns, they typically provide a resignation letter or communicate their
intention to their supervisor or the HR department. The employer should acknowledge the resignation, discuss
any notice period, and initiate the necessary paperwork.
Voluntary Retirements
System [VRS]
Voluntary
It is an initiative implemented by organizations to encourage employees to voluntarily retire or separate from their
employment. VRS is typically offered to employees who meet certain eligibility criteria, such as age or years of service,
and it provides them with financial incentives and benefits in exchange for early retirement or separation.
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5. Dismissal
It is the act of ending an employee's employment by the employer. It is an involuntary separation initiated by the employer
due to various reasons, such as poor performance, misconduct, violation of company policies, or other justifiable causes.
Retrenchments
Retrenchment refers to the process of reducing the workforce of an organization due to various reasons, such as economic
downturns, restructuring, technological advancements, or other operational needs.
Layoff
Layoff refers to the temporary or permanent termination of employment for a group of employees by an employer due to
reasons such as financial constraints, restructuring, downsizing, technological advancements, or other operational needs.
Rightsizing
It involves evaluating the size and composition of the workforce and making necessary adjustments to improve efficiency,
productivity, and competitiveness. Rightsizing aims to optimize the organization's structure, reduce costs, and ensure the
right talent is in the right positions.
Retirement
Retirement refers to the phase in a person's life when they voluntarily withdraw from employment or active work and
transition into a period of leisure, relaxation, and enjoying the fruits of their labor. Retirement typically occurs after
reaching a certain age or fulfilling specific requirements, such as having accumulated sufficient financial resources or
meeting eligibility criteria for retirement benefits.
Involuntary
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6. TERMINATION
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7. Termination
• Termination, also known as employment
termination or job termination, refers to the end of
the employment relationship between an employer
and an employee. It can occur for various reasons,
including poor performance, misconduct, violation
of company policies, restructuring, downsizing, or
other justifiable causes.
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8. • A golden handshake is a large sum of money as well as other
compensation that is offered to an employee when he leaves
his employment. It is a reward for his hard work and long and
good service.
• A golden handshake can be offered to an employee if he is
leaving at the end of his term or even if he has been asked by
his employer to leave the firm for some reason.
• A golden handshake is a good way to lay off workers in a
manner that neither hurts the sentiment of the employee nor
the image of the company. It is not a common occurrence as
only a few people are given the privilege of a golden
handshake.
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9. 22MMBA087HY
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