An employment termination form is filled up by a company or an organization where it summarizes details about why an employee has left the job. Employee termination can be voluntary, that is, by mutual agreement like voluntary retirement, or involuntary where one is ‘fired’ or ‘laid off”.
You can Download the Employment Termination Template, customize it according to your needs, and Print it. Employment Termination Template is either in MS Word or Editable PDF.
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Features:
Employee Information:
Collects basic details like the employee’s name, employee code, and termination effective date.
Termination Details:
Specifies the reason for termination, which can be selected from a list of common reasons, such as voluntary resignation, dissatisfaction with work, or health issues.
Final Payment:
Provides space to record the number of hours to be paid on the final salary and also any vacation hours to be paid.
Signatures:
Requires the signatures of both the employee and also the supervisor to acknowledge the termination.
Benefits
Standardization:
Ensures consistency in the termination process and also documentation.
Clarity:
Clearly outlines the reasons for termination and also the terms of the separation.
Legal Protection:
Can help protect the employer from potential legal claims by providing a clear record of the termination process.
Record Keeping:
Serves as a valuable record of the termination, which can be important for future reference and also compliance purposes.
Policy Enforcement:
Helps enforce company policies related to termination and also severance pay.
Risk Management:
Mitigates the risk of disputes and legal challenges by providing a clear and also documented termination process.
