Asked by Rachel Lopke on May 02, 2024
Verified
Severance pay is a one-time payment to employees who have been terminated.
Severance Pay
Financial compensation awarded to an employee upon termination of employment, often based on length of service or terms of an employment contract, as a form of support.
Terminated
The process of ending an employee's contract with an organization, which can be voluntary or involuntary.
- Ascertain the link between workforce advantages and governing statutes.
Verified Answer
NF
Natalie FuentesMay 08, 2024
Final Answer :
True
Explanation :
Severance pay is typically a one-time payment given to employees as compensation when they are involuntarily terminated from their job.
Learning Objectives
- Ascertain the link between workforce advantages and governing statutes.
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