MHR 523 Lecture Notes - Lecture 11: Quasi-Contract, Stoicism, Severance Package

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Margaret Yap

Document Summary

Turnover: the terminaion of an individual"s employment with an organizaion. Voluntary turnover: employee-iniiated terminaion of employment, such as quits, reirement, or resignaion. Reirees on call a program where reirees can coninue to work on a part-ime or as needed basis post-reirement. Phased reirement potenial reirees gradually reduce the number of hours worked per week over ime. Pre-reirement counselling counselling provided to employees some months before reirement, which covers such maters as beneits advice, second careers, and so on. Reasons for voluntary turnover: subopimal hiring pracices, diicult managerial style, lack of recogniion, lack of compeiive compensaion systems, toxic workplace environments. Involuntary turnover: employer-iniiated terminaion of employment, such as dismissal or layof. Dismissal for just cause an employer-iniiated terminaion based on an employee"s poor behaviours; in these situaions. No severance, reasonable noice periods, or addiional payments beyond what the employee has already earned are owed.