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LIFO's proponents claim that it protects teachers with tenure and gives them job stability, and that it is an easily administered way of accomplishing layoffs following a budget cut. LIFO's critics respond that it is bad for students. They prefer that the best teachers remain regardless of how long they have been teaching.
Supporters liken tenure to the concept of seniority in other jobs. Teachers are often forced into uncomfortable situations (such as failing students, choosing certain students). An employee who makes decisions of a difficult and confrontational nature would thus require job protection. [14]
Announcing your retirement a few months in advance is often considered a courtesy to your company. Not only does it give your employer time to manage the transition and hire a replacement, but it ...
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Termination of employment or separation of employment is an employee's departure from a job and the end of an employee's duration with an employer. Termination may be voluntary on the employee's part ( resignation ), or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff .
“People in this situation may think about taking a career change, opening a business or taking a part-time job and using retirement income to make up the difference in income needs,” says Czajka.
An employee may be terminated without prejudice, meaning the fired employee may be rehired for the same job in the future. This is usually true in the case of layoff. Conversely, a person can be terminated with prejudice, meaning an employer will not rehire the former employee for the same job in the future. This can be for many reasons ...
Some readers asked what "subsidy" employers get from 401(k) advisors and mutual fund families. Here's the way it works. Brokers and fund families (with few exceptions) make.