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Severance pay was instituted to help protect the newly unemployed. Sometimes, they may be offered for those who either resign, regardless of the circumstances, or are fired. Policies for severance packages are often found in a company's employee handbook.
Resignation is the formal act of relinquishing or vacating one's office or position. A resignation can occur when a person holding a position gained by election or appointment steps down, but leaving a position upon the expiration of a term, or choosing not to seek an additional term, is not considered resignation.
March 2021 – June 2023: approximate period of the Great Resignation, where quits exceed the previous record The Great Resignation , also known as the Big Quit [ 2 ] [ 3 ] and the Great Reshuffle , [ 4 ] [ 5 ] was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse , beginning in early 2021 during ...
On August 5, 1974, several of President Richard Nixon's recorded-on-audiotape Oval Office conversations were released. One of them, which was described as the "smoking gun" tape, was recorded soon after the Watergate break-in, and demonstrated that Richard Nixon had been told of the White House connection to the Watergate burglaries soon after they took place, and approved a plan to thwart the ...