Which of the following statements is regarding termination benefits?

Question

Quizplus · Accepted Answer

Termination benefits refer to payments or incentives given to employees upon termination of their employment. Voluntary termination benefits are provided to encourage employees to leave their jobs voluntarily, often to reduce workforce costs. One-time payouts are an example of voluntary termination benefits.

Option B is incorrect because voluntary terminations are not related to layoffs or reductions in the workforce.

Option C is incorrect because employers may incur expenses related to both voluntary and involuntary terminations, such as the cost of severance payments, unemployment compensation, and legal fees.

Option D is incorrect because hiring replacement employees within 60 days of terminations does not necessarily relieve employers of the expenses related to voluntary terminations.

Which of the Following Statements Is Regarding Termination Benefits