- Separation of employment within an organization can occur for several different reasons. Employment may end as a result of resignation, retirement, release (end of season or assignment), reduction in workforce or termination.
- Resignation: A resignation is the formal act of giving up or quitting one’s office or position. An employee who decides to leave the company is said to have terminated his employment and if further distinction is required, a resignation is considered voluntary termination.
- Retirement: Retirement is the point where a person stops employment completely.
- Discharge: The term “discharge” is often used to describe an employee who is fired or terminated involuntarily. Involuntary termination refers to severing the employment relationship due to poor performance, violation of workplace policies, misconduct, absenteeism or other similar reasons.
- Layoff: Layoff means the employment relationship ended due to business closure or a lack of available work.