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Voluntary redundancy is when an employer asks an employee to agree to terminate their contract, in return for a financial incentive.
A voluntary redundancy programme is not always driven by short term revenue goals. It can also be motivated by the strategic choice to change the age structure within the company. According to research, [ citation needed ] people who accept voluntary redundancy may at times return to the company after changes in the company's prospects ...
1.1 "Voluntary redundancy" in US English. 16 comments. 1.2 Baseball metaphor? 8 comments. Toggle the table of contents. Wikipedia: Reference desk/Archives/Language ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Labour’s deputy leader said the party’s plan for workers is ‘the minimum’ they could expect after working through the pandemic.
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Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition . [ 1 ]
Redundancy (information theory), the number of bits used to transmit a message minus the number of bits of actual information in the message; Redundancy in total quality management, quality which exceeds the required quality level, creating unnecessarily high costs; The same task executed by several different methods in a user interface