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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.
In engineering and systems theory, redundancy is the intentional duplication of critical components or functions of a system with the goal of increasing reliability of the system, usually in the form of a backup or fail-safe, or to improve actual system performance, such as in the case of GNSS receivers, or multi-threaded computer processing.
Losing your job can be one of the most difficult challenges you have to face in life, but negotiating a good severance package can help you get back on your feet.
Redundancy can also be applied in systems engineering by double checking requirements, data, designs, calculations, software, and tests to overcome systematic failures. Another effective way to deal with reliability issues is to perform analysis that predicts degradation, enabling the prevention of unscheduled downtime events / failures.
A career guide is a group that provides guidance to people facing a variety of career challenges. These challenges may include (but are not limited to) dealing with redundancy; seeking a course; finding colleges; new job; changing careers; returning to work after a career break; building new skills; personal and professional development; going for promotion; and setting up a business.
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 ...
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