MAELM 212 Lecture 8: Models of Separation in the Workplace (Resource and Human Management) Study Material on SEPARATION MODEL: Voluntary and Involuntary
Document Summary
Voluntary separation: a separation occurs when an employee decides, for personal or professional reasons to end the relation with the employer or the organization/ agency. An employee may decide to quit an organization/ agency voluntarily on personal or professional grounds such as getting better job, changing careers, to spend more time with family and any other possible reasons. The decision could, alternatively be traced to the employee"s displeasure with the current job, pay, working conditions or colleagues: voluntary retirement. The employer may encourage the employee to retire- with a view to reduce surplus staff and cut down labor costs. The normal retirement benefits are calculated and paid to all such employees who put in a minimum qualifying service. Attractive compensation benefits are generally in-built in all such plans (golden handshake scheme). To reduce post-retirement anxieties, companies these days organize counseling sessions, and offer investment related services. Some companies extended medical and insurance benefits to the retirees.
