Turnovers and Termination Procedures
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At some point, every business must face the task of terminating an employee. Turnover is a common event throughout the life of a company, and there are many situations that may play a role in ending the employer - employee relationship. However, the business should always ensure procedures are in place to properly handle this uncomfortable duty. In this paper I will explore ways to reduce employee turnover, several factors that could lead to the termination of an employee, situations that can be considered legal and illegal terminations, as well as proper procedures and guidelines to follow to ensure the company adheres to any sort of legalities when handling this process. The information provided in this short paper can be useful to gain a better understanding of the terminations process and factors to take into consideration when this event must take place.
Turnover and Termination Procedures
Every employee's career comes to an end at one point or another. Many events can occur, such as moving, other opportunities arising, death, downturn of the economy and many other factors. The following paper contains an overview of different types of terminations as well as some procedures to follow when handling this event.
Although employee turnover is a common part of business operations, it is in the company's best interest to keep turnover at a low rate. There are many disadvantages to high company turnover, some of which include large costs to recruit and select new personnel as well as productivity loss due to having to spend time training these new employees and delegating duties to remaining employees while this task is accomplished. Companies that have large turnover rates may also spend money repairing their reputation within the community if massive layoffs occur. Some of the tools described within this segment can help reduce turnover and can...