Upon termination of employment, an exit interview will be conducted to identify reasons for departure and gather feedback. The separated employee's personnel file will be updated and returned in a timely manner. All company property must be surrendered and assets accounted for. A final pay calculation and payment processing will be completed by HR within the specified timeframe.
Type: Fill Checklist
This business workflow step involves reviewing the company's employee separation policy to ensure it is comprehensive and aligned with current employment laws. The process begins by identifying potential scenarios where the policy would be applicable such as employee resignation, termination, or retirement. Next, a thorough review of the existing policy document is conducted to assess its effectiveness in addressing key areas including severance pay, continuation of benefits, return of company property, and any other relevant matters. The workflow also entails conducting research on the latest employment laws and regulations to determine if there are any updates that need to be incorporated into the policy. Once the review is complete, a revised policy document is drafted outlining clear procedures and guidelines for employee separations. The new policy is then approved by senior management before being communicated to all employees.
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