GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Redundancy
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Retrenchment
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Being fired
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Termination
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Detailed explanation-1: -Redundancy refers to a process of terminating employees from their employment due to different business reasons.
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. This type of termination can also be the result of an employee disciplinary action.
Detailed explanation-3: -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-4: -In the workplace, redundancy refers to the process when employers have to let go of one or more employees dueto circumstances unrelated to job performance or behavior.
Detailed explanation-5: -Termination is generally broader than redundancy, and it essentially includes the ending of employment other than where an employee is made redundant. Redundancy is generally more specific and happens when the employee’s position is no longer required or can no longer continue.