BU354 Lecture Notes - Lecture 15: Severance Package, Punitive Damages, Layoff
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: five main reasons: Toxic workplace environments: quits voluntary employee-iniiated resignaion, reirement: Reirement 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 (or even years) before reirement, which covers such maters as beneits advice, second careers and so on. Involuntary turnover employer-iniiated terminaion of employment such as dismissal or layof: rules and regulaions. Liquor and drug use not permited on work premises. Safety rules must be followed at all imes: progressive discipline. Verbal warnings, to writen warnings, to suspension (paid or unpaid), and can lead to inally dismissal: dismissal for just cause. Dismissal involuntary terminaion of an employee"s employment.
