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  2. Employee offboarding - Wikipedia

    en.wikipedia.org/wiki/Employee_offboarding

    Employee offboarding describes the separation process when an employee leaves a company. The offboarding process might involve a phased transfer of knowledge from the departing employee to a new or existing employee; an exit interview; return of any company property; and various processes from the company's human resources, information technology, or legal functions.

  3. Termination of employment - Wikipedia

    en.wikipedia.org/wiki/Termination_of_employment

    A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...

  4. Buyout clause - Wikipedia

    en.wikipedia.org/wiki/Buyout_clause

    A buyout clause or release clause refers to a clause in a contract that imposes an obligation on another organisation wishing to acquire the services of the employee under contract to pay the (usually substantial) fee of the clause to the organisation which issued the contract and currently employs the employee.

  5. Dismissal (employment) - Wikipedia

    en.wikipedia.org/wiki/Dismissal_(employment)

    An employee may be terminated without prejudice, meaning the fired employee may be rehired for the same job in the future. This is usually true in the case of layoff. Conversely, a person can be terminated with prejudice, meaning an employer will not rehire the former employee for the same job in the future. This can be for many reasons ...

  6. Performance-linked incentives - Wikipedia

    en.wikipedia.org/wiki/Performance-linked_incentives

    A performance-linked incentive (PLI) is a form of incentive from one entity to another, such as from the government to industries or from an employer to an employee, which is directly related to the performance or output of the recipient and which may be specified in a government scheme or a contract.

  7. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    "PILON" redirects here. For other uses, see Pilon. In United Kingdom labour law, payment in lieu of notice, or PILON, is a payment made to employees by an employer for a notice period that they have been told by the employer that they do not have to work. Employees dismissed for gross misconduct are not entitled to be paid their notice, unless stated otherwise within Terms and Conditions of ...

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    mail.aol.com

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  9. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    Where any employee obtains lump-sum compensation income (including economic compensation, living allowances and other subsidies granted by an employer) from the employer's termination of labor relationship with him/her, the part of the income which is no more than three times the average wage amount of employees in the local area in the ...