Strategies for Managing Employee Separation and Termination Well
VerifiedAdded on 2023/06/05
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This report provides a comprehensive overview of managing employee separation and termination within an organizational context. It highlights the importance of a well-defined redundancy policy, including background information, policy statements, purpose, and application, covering aspects such as staff coverage, reasons for redundancy, formal notice, voluntary options, income maintenance, severance pay, and voluntary retirement. The report also includes a sample exit interview form designed to gather feedback from departing employees, aiming to improve employee retention and reduce attrition. Furthermore, it discusses strategies for increasing employee retention, such as conducting stay interviews, fostering open communication, empowering teams, and avoiding micromanagement. Finally, the report addresses demographic trends related to retirement and their potential impact on organizations, emphasizing the need for companies to adapt to an aging workforce and changing retirement patterns. Desklib provides access to this document and many other solved assignments for students.
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