However, in the event of voluntary dismissal, the employee generally understands the existence and accepts the terms of this type of agreement. Your human resources department should take care of all discussions about the turnover of investment or pension funds and benefits that include maintaining health benefits. Finally, HR conducts an exit interview to get answers that can be used to measure job satisfaction and other factors. This is optional and may or may not include cash withdrawal. U.S. law only requires employees to receive a salary based on the last day of work and accumulated vacation. Even the largest companies lay off employees without severance pay. The conditions for severance pay can be found in your employment contract. Keep in mind that the company wants you to sign the agreement so that you don`t have any future claims.
Consider whether the proposed redundancy package is worth this release. In the personnel manual you will find rules and procedures for dismissals. Pay particular attention to the company`s policy on different reasons for dismissal. For example, if this is due to a reduction in the business, you may be entitled to an indemnity plan or additional payments. Severance pay may take the form of benefits rather than cash. Voluntary termination can also be an indication of a person`s decision to terminate a financial contract, for example. B a mobile phone plan. Under these conditions, the voluntary termination of a financial contract may or may not be punitive. In the event of a penalty, the party wishing to terminate the contract may rationalize the termination decision if the net benefit of terminating the contract is much higher than the penalty. . .