BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Where a person leaves on their own terms.
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When a person is fired.
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When an employee is dismissed because the company no longer needs someone to do their job.
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Where someone is promoted to a higher job role.
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Detailed explanation-1: -Definition of Redundancy: Redundancy is a form of dismissal that occurs when a job no longer exists or is not required anymore. Following redundancy, the job/position disappears from the company. This may be because the company is downsizing, closing down, or simply, the work is not required any longer.
Detailed explanation-2: -The most common reason for employment to be terminated is that the employer cites a shortage of work. Redundancy is a legal term, and includes all the reasons not attributable to the employee personally.
Detailed explanation-3: -Redundancy is a form of dismissal and is fair in most cases. If the reason you are selected for redundancy is unfair then you will have been unfairly dismissed.
Detailed explanation-4: -Redundancy is when an employer reduces their workforce because a job or jobs are no longer needed. See our Coping with redundancy guide.