The document outlines the process and implications of employee separation, including types and reasons for both involuntary and voluntary separations. It discusses employee retirement and factors influencing the decision to retire, as well as concepts like rightsizing and retrenchment. Additionally, it addresses the impact of layoffs on the workforce and the importance of outplacement services to support affected employees.

1. RETIREMENT AND OTHER
SEPARATIONS
HUMAN RESOURCE MANAGEMENT

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

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Reduced labor costs
Replacements of poor
performances
Increased innovation
The opportunity for greater diversity

4. TYPES OF EMPLOYEE
SEPARATION

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

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
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



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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

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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

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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”