The two terms, Terminated and Fired, are used quite often in the professional world. But there are some fundamental differences between these concepts. The two terms sound quite similar. They may even be used interchangeably by various people. But it is important to know the difference so that we get enlightened about these terms. Knowledge about these terms will also let us know about the world of profession and business.
The business world is full of uncertainty. There are a lot many things happening, here and there and we don’t have the best control over most of the things. On the one side, employers are trying to address the issues of the employees and reign in the employee costs. On the other side, employees are trying to improve their work and seeking to maximize their earnings. The aspects of termination and resignation are frequently fleeting in the professional lives of employees which also significantly impact the employers.
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Termination And Firing – How Do They Vary?
Termination -It Can Be Both Voluntary & Involuntary
Technically, termination is defined as the end of the employee’s service period at the firm or the company. This term ends can be categorized into two types, namely Voluntary and Involuntary Termination.
Involuntary termination happens when the employer feels that the services of the employee are no more needed for the firm. So, the employer decides to remove him/her from the service. This is referred to colloquially as ‘being fired’ or ‘getting sacked’. Involuntary terminations are usually labeled as firings.
On the other hand, voluntary termination takes place when the employee himself/herself chooses to quit his/her job and this like he/she is resigning from the organization.
Besides, involuntary termination of services can be further divided based on the reasons for the termination. One can get dismissed because of his/her incompetence, faux pas, or if the employee fails to stick to the firm’s rules and professional ethics.
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What Are Layoffs?
Additionally, layoffs may happen when there is a financial downturn of the company. This downsizing is owing to cost cutting, which is usually done due to business & economic reasons. It has not much to do with the performance of the employee. So, being laid-off doesn’t lessen your chances of procuring a new job. On the other hand, being fired does impact your prospects of re-employability.
The Importance Of Proper Resignation
It is very important to be very ethical and follow the formal, conventional mode and format while quitting a job. For instance, you should take time before you make any decision. It is generally stated that you should resign from your job only when you have a better job offer in hand.
Below are a few crucial guidelines which you can consider while acting on your decision to resign:
See to it that you are fully confident about your decision.
You should produce a written resignation letter before your boss/employer, which should come up at least a fortnight before your last day to work there.
Make sure that your line manager or supervisor and HR personnel are properly intimated about your decision to resign.
You should even fix a meeting with your manager to talk about your decision to resign, it should be at least a few days before you discontinue working there.
You should earnestly thank your employer for the opportunity he/she gave you by making you work there and also express gratitude for the valuable experience that you gained by working there.
You should even propose to help the new person who comes there as your replacement.
Also see to it that you consummate all the ongoing projects before you discontinue working there after tendering your resignation.
When Should You Resign From Your Job?
There may be various reasons to quit the job. There may be personal reasons like going to study abroad, relocation and issues in the family and so on. Well, there are a few other reasons which may make you quit your job. They are as under:
One most common reason to quit your current job is that you are getting a better job placement somewhere else, which is likely to boost your career prospects:
You may feel that the working atmosphere is unfriendly & stressful.
You don’t like your job and feel you are not made for it.
You feel that you are frequently bringing negative energy to your home from your workplace.
The Termination Rules From The Employer
It is improper for an employer to just fire an employee. If they do so, they may incur legal and reputational issues, if they don’t follow the due process in the termination. Well, there are a few termination rules which the employers should abide by while they are terminating the service of an employee.
One month's notice in writing must be provided to the employee before termination.
The employer cannot fire an employee without placing a valid reason for the termination. ‘
A compensation should be paid to the employee by the employer which is around equal to fifteen days' average pay for every completed year of service.
An employee cannot be sacked by the employer due to his/her health issues.
A female employee should not be terminated when she wants maternity leave or as she is pregnant.
An employee cannot be fired by an employer without procuring mutual consent.
Besides, there are some guidelines to be followed while lying off your employees. The firm should mention the lay-off policies in the employment contract.
Well lay-off is carried out due to company’s downturn and it doesn’t usually consider employee’s incompetence. It usually takes in the policy of ‘Last In First Out’.
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