Retrenchment
It is the permanent termination of an employee’s service for economic reasons in a going concern.
It is termination due to the redundancy of the workforce.
It is a business strategy to reduce the company’s expenses.
Tag:11accounts, 11commerce, 11economics, 11thcommerce, 12accounts, 12commerce, 12economics, 12thCommerce, BComAccounts, BESTCOMMERCEANDACCOUNTANCYPLATFORM, CAFinalAccounts, CAfoundation, CAfoundationAccounts, CAfoundationEconomics, CAfoundationLaw, CAHARSHITA, CAInterAccounts, commerceachiever, commerceoptional, Economics, economicsclass12, Equity Theory, gLOSSARY OF hrm, GST, HR Glossary, Human Resource Accounting, incometax, mba hr, mba hr notes, MComAccounts, NCERT, ncertcommerce, Retrenchment, Retrenchment in hrm, Retrenchment meaning, tax, UGCNETCommerceOptional, UPSC COMMERCE OPTIONAL BOOKS, UPSC Commerce Optional Material, UPSC COMMERCE OPTIONAL PDF, UPSC Commerce OPtional Previous Year Paper Solution, UPSC Commerce Optional Previous Year Papers, UPSCcommerceOptional, UPSCoptional
