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Chapter 12 of 22
Flashcards

Staff Separation

ICSE · Class 12 · Business Studies

Flashcards for Staff Separation — ICSE Class 12 Business Studies. Quick Q&A cards covering key concepts, definitions, and formulas.

70 questions32 flashcards5 concepts

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32 Flashcards
Card 1Meaning of Staff Separation

What is staff separation?

Answer

Staff separation means separation of an employee from the organisation in which he/she has been employed and working. It is also known as attrition. It happens when employment ends or is interrupted f

Card 2Meaning of Staff Separation

Why is a high rate of staff attrition harmful?

Answer

A high rate of staff attrition is harmful because it increases the cost of hiring and training new employees, creates instability in staff, interrupts work, and reduces organisational performance.

Card 3Retirement

What is retirement?

Answer

Retirement is separation of an employee from service on attaining the age of superannuation, before it under incentive schemes, or due to disease or disability. Retirement is a normal form of staff se

Card 4Retirement

What is compulsory retirement?

Answer

Compulsory retirement happens when an employee retires on reaching the prescribed retirement age. In Government service, the retirement age is 60 years. At retirement, the employee receives provident

Card 5Retirement

What is voluntary retirement or Golden Handshake?

Answer

Voluntary retirement or Golden Handshake is retirement when an organisation offers liberal incentives to employees who leave before superannuation. It is used when there is surplus staff. Employees wh

Card 6Retirement

What is premature retirement?

Answer

Premature retirement means an employee retires before the retirement age due to disease or disability and receives full retirement benefits. It is different from voluntary retirement under a Golden Ha

Card 7Retirement

How does retirement age usually differ between government and private sector jobs?

Answer

In Government service, the retirement age is 60 years. In the private sector, the retirement age is generally higher than in government, though it may vary from one organisation to another.

Card 8Layoff

What is layoff?

Answer

Layoff means temporary removal of an employee from the payroll due to circumstances beyond the control of the employer. The employer-employee relationship continues, and the worker is expected to be r

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Frequently Asked Questions

What are the important topics in Staff Separation for ICSE Class 12 Business Studies?
Staff Separation covers several key topics that are frequently asked in ICSE Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Staff Separation — ICSE Class 12 Business Studies?
Understand the core concepts first, then work through the 70 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
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There are 32 flashcards for Staff Separation covering key definitions, formulas, and concepts. Use them daily for 10–15 minutes for best results.

Sources & Official References

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