ENTREPRENEURSHIP

Detailed explanation-1: -Key Takeaways. Termination of employment refers to the end of an employee’s work with a company. Termination may be voluntary, as when a worker leaves of their own accord. Involuntary termination occurs when a company downsizes, makes layoffs, or fires an employee.

Detailed explanation-2: -Involuntary Termination Involuntary termination refers to an event wherein the employer removes a worker from employment. It can be for low performance, employee behavior, violation of company rules, etc.

Detailed explanation-3: -There are two reasons on which the employer may base a decision to terminate employment: reasons stemming from the employee’s personal conduct or capacity or due to a lack of appropriate or relevant work. Upon termination due to lack of work, the Job Transition Agreement entitles you to an extended period of notice.

Detailed explanation-4: -Layoff (in British and American English), also called redundancy in the UK, is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs.