retrenchment compensation

21/12/2018 Financial & Legal Services

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Description

Terminating employees is common in private sector where corporates relieve employees who fail to fulfil performance standards of the company, do not follow the company’s moral and ethical code of conduct or fail to work with their team. Terminations are often carried out hastily by the HR department of a company attributing to pressure from stockholders, or as a tactic to cut down expenses.

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