Staff Separation — Chapter Summary
ICSE · Class 12 · Business Studies
Summary of Staff Separation for ICSE Class 12 Business Studies. Part of the ICSE Class 12 Business Studies syllabus.
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Overview
Staff separation means separation of an employee from the organisation in which he or she has been employed and working. It is also known as attrition. Employees may leave because of retirement, resignation, suspension, dismissal, retrenchment, layoff, or exit from the organisation for other reasons
Key Concepts
Staff separation means separation of
Staff separation means separation of an employee from the organisation in which he or she has been employed and working. It is another name for attrit
Retirement is separation from service on
Retirement is separation from service on reaching the age of superannuation, or earlier under voluntary schemes, or due to disease or disability in th
Layoff is temporary removal of
Layoff is temporary removal of an employee from the payroll because of circumstances beyond the employer's control, such as shortage of raw materials
Retrenchment means permanent termination of
Retrenchment means permanent termination of an employee's services for economic reasons in a going concern. It does not include termination due to dis
Resignation means an employee takes
Resignation means an employee takes or is made to take the initiative to leave the job. It may be voluntary or involuntary.
Learning Objectives
- To understand the meaning of staff separation and attrition
- To identify the main ways in which employees leave an organisation
- To distinguish between retirement, layoff, retrenchment, resignation, suspension, and dismissal
- To understand the legal and procedural rules related to layoff and retrenchment
- To explain the purpose and importance of exit interview
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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