Explore BrainMass

Termination and compensation strategy

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

How various employee compensation programs are affected by employee termination (voluntary and Involuntary)?

© BrainMass Inc. brainmass.com September 20, 2018, 12:49 am ad1c9bdddf - https://brainmass.com/business/compensation-strategies/termination-compensation-strategy-599996

Solution Preview

Employee termination affects employee compensation programs in different ways. For example, companies may legally have to pay severance package to employees in situations such as lay off by the companies due to closure of business, bankruptcy, etc. In such situations, the company makes monetary payments as well as offers other services to laid off employees, such as assistance in finding new ...

Solution Summary

The solution discusses the impact of employee termination on compensation strategy. The solution examines voluntary and involuntary termination.