A resignation is, “the formal act of giving up or quitting one’s office or position gained through election or appointment”. However leaving a position upon expiration of a term is not considered resigning. Treatment of Resignation Employees may resign at…

Concept/meaning of Voluntary Retirement Scheme/Golden Handshake Modern management in the public as well as private sectors adopted the various labour adjustment strategies which takes the form of Voluntary Retirement Scheme [VRS] or the Golden Handshake or the Diamond Handshake. Voluntary…

“Too old to work and too young to die” The term retire is derieved from the French word “retirer”, “re” means back and “tirer” means throw. Its initial meaning was withdraw to a place of seclusion. In 1949 labour leader…

Individual decision to work “Decision making is the thought process of selecting a logical choice from available options”. Decision making without a group’s input or a decision made regardless of the group’s opinion is, naturally an individual decision. When trying…

A contingency agreement is any contract that depends on one or more events that may or may not take place. If specified events occur, the party may have a binding contract or the contract may be invalidated depending on the…

Probationary The final step in the hiring process is the probationary period. New employees or those starting a new position will serve a probationary period, ie probation is for newly appointed employees only. The probation period is a the initial…

Concept and Meaning of Recruitment The word ‘recruitment’ indicates the action of enlisting or finding new people to join an organization or support a cause. It plays an important role in the staffing process. Employees leave the organization in search…