12 min 17 secs Impact stories
What really constitutes terminal benefits? This question has over the years left many employers at cross roads of what employee terminal benefits are. Terminal benefits are exit benefits which an employee gets at the end of his or her employment relationship. Here are some of the things every employer needs to know about termination. Firstly, put the termination in writing. Among other things the employees outstanding salary should be paid at the time of termination. Similarly, ensure that you give your employee notice of termination. Also, repatriation is one of the benefits an employee is entitled to during termination of work. Severance pay, gratuity, retirement package, certificate of good service, and long service award should also be considered by employers during the termination of the employees contract. These are some of the mandatory terminal benefits that every employer should know.