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Explain the term voluntary retirement. - Business Studies

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प्रश्न

Explain the term voluntary retirement.

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उत्तर

A business may provide generous incentives to departing employees before they reach the age of superannuation if it has excess personnel. Some workers may choose to retire of their own volition in order to take advantage of these programs. This type of retirement is referred to as a Golden Handshake or voluntary retirement.

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अध्याय 12: Staff Separation - EXERCISES [पृष्ठ १६७]

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गोयल ब्रदर्स प्रकाशन Business Studies [English] Class 12 ISC
अध्याय 12 Staff Separation
EXERCISES | Q II. 5. | पृष्ठ १६७
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