Termination Management (VCE SSCE Business Management): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Two main categories of termination
Two main categories of termination
Voluntary (employee initiated) & involuntary (employer initiated)
Termination record retention period
Termination record retention period
Seven years
Standard notice period if no award/agreement
Standard notice period if no award/agreement
One pay period (typically 2 weeks or 1 month)
Definition of redundancy
Definition of redundancy
Employer no longer needs the job performed by anyone
Redundancy pay for 5-6 years service
Redundancy pay for 5-6 years service
10 weeks' pay
What is dismissal based on?
What is dismissal based on?
Unsatisfactory performance or illegal behaviour
When is notice period waived?
When is notice period waived?
Summary dismissal for serious misconduct
Timeframe to apply for unfair dismissal
Timeframe to apply for unfair dismissal
Within 21 days after dismissal takes effect
Maximum FWC compensation for unfair dismissal
Maximum FWC compensation for unfair dismissal
Up to 26 weeks' wages
What are outplacement services?
What are outplacement services?
Support to help retrenched employees find new employment