There are many things to take into consideration before this difficult decision is made but once the need for severance is established, the basic formula is:

For monthly paid workers:

• Up to 5 years service = ½ month´s pay for each year of service or part thereof
• More than 5 years service = ¾ month´s pay for each year of service or part thereof

  For weekly or daily paid workers:

• Up to 5 years service = 2 week´s pay for each year of service or part thereof
• More than 5 years service = 3 week´s pay for each year or part thereof

Outplacement refers to financial, career and/or psychological counselling and advice offered to displaced employees in order to prepare them for re-entry into the job market or early retirement. Employers are not legally obligated to provide outplacement services but it is a helpful gesture that will assist employees in coping with a difficult transition.

Once an employee has been employed for 12 consecutive months, whether or not classified as permanent, s/he is entitled to a minimum of 10 days paid vacation within each 12 month period.

An Assessment Centre is primarily a recruitment tool that combines various methods and activities such as simulations, case studies, individual or group exercises, and panel interviews to significantly increase the probability of selecting the candidate who is the best fit for the organization. Assessment Centres are usually recommended when recruiting for critical and/or senior positions, but it can also be used as a part of a succession management strategy to evaluate and develop employees for advancement in key positions.

Any question that directly probes for information regarding a candidate´s personal lifestyle including their family situation, age, marital status, religious or political affiliation should be avoided during an interview.