Employment Termination

Dehiring
Dehiring refers to the process of laying off, firing, or rejecting a previous hiring decision. It involves retracting the employment of an individual or group of employees after they have been hired.
Dismissal
Permanent termination of employment with an organization; being fired from a job.
Fire (Employment Termination)
The term 'fire' refers to the act of discharging or terminating an employee from their position. It is one of the most definitive actions a company can take in its relationship with an employee. This term is synonymous with 'sack'.
Golden Handshake
A golden handshake, also known as a golden good-bye, is an ex gratia payment made by an employer to an employee upon termination of employment, such as in the event of a company takeover. Certain conditions may allow such payments to be partially or fully tax-free.
Lay Off
A lay off involves removing, temporarily or permanently, an employee from a payroll due to economic conditions or production cutbacks, rather than poor performance or rule violations.
QUIT
The act of voluntarily terminating an employment relationship, ending a process or session with a computer program, or exiting a scenario.

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