One time paid payment at the time of termination of employees is classified as?
Correct answer: D. severance pay
- A. compensation pay
- B. supplemental pay
- C. sick leave pay
- D. severance pay
Explanation
Severance pay is a one-time payment made when employment ends, often according to the employee's tenure or the terms of the separation. Sick leave pay is paid during illness rather than at termination.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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