Difference between revisions of "Severance"

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(Created page with "Severance is separation payment. An additional payment (other than salary) given to an employee when employment termination occurs. ==Definition== According to the HRBo...")
 
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Latest revision as of 12:21, 21 July 2020

Severance is separation payment. An additional payment (other than salary) given to an employee when employment termination occurs.

Definition

According to the HRBoK Guide,

Severance. Separation payment. An additional payment (other than salary) given to an employee when employment termination occurs.