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How is Dismissal different from Retrenchment, Layoff and Suspension? - Business Studies

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Question

How is Dismissal different from Retrenchment, Layoff and Suspension?

Long Answer
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Solution

Retrenchment, layoffs, and suspension differ from dismissal in the following ways:

  1. While retrenchment, layoffs, and suspension are typically temporary or for a brief amount of time, dismissal is a permanent separation.
  2. Employees who have been fired are not rehired. However, employees who have been laid off, retrenched, or suspended are typically summoned back to work.
  3. Employees who engage in misbehaviour may be disciplined by their employers through suspension or dismissal. Layoffs and retrenchments are not punishment; rather, they are the result of external factors like a decline in the market or technological advancements.
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Chapter 12: Staff Separation - QUESTION BANK [Page 168]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 12 Staff Separation
QUESTION BANK | Q 4. | Page 168
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