Voluntary Termination

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Voluntary Termination

A situation in which a person quits his/her job. One may undergo voluntary termination for any number of reasons, including finding a better job, dissatisfaction with one's current position, or retirement.
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Indeed, voluntary terminations are more common than involuntary terminations.
Reduce employees by 25 positions through attrition from retirements and voluntary terminations.
Examples of benefits commonly provided as incentives for voluntary terminations include cash payments (one-time or a series), enhancements to defined benefit pension or other postemployment benefit (OPEB) formulas, and healthcare coverage when none otherwise would be provided.
The annualized rate of voluntary terminations peaked at 20 percent in April, but has dropped to 12-13 percent in August.
Voluntary terminations of overfunded defined benefit pension plans (excess asset reversions) have transferred over $20 billion from pension funds to corporate treasuries since 1980 (PBGC).
They fill open positions more quickly and have 33 percent fewer voluntary terminations.
By analyzing a fleet's historical data, Omnitracs Analytics' Driver Retention Model identifies patterns and changes in driver behavior that correlate with voluntary terminations.
27% of companies reported voluntary terminations from employees needing to reduce their commuting time.
Significantly contributing to non-interest income during the quarter were voluntary terminations of participations in a Director Retirement program and a Supplemental Executive Retirement Plan.
Market size and trends by value and volume; new and used car finance; POS and direct (loans) car finance; POS product segmentation - new and used cars; market trends - voluntary terminations, sub-prime finance; product trends - HP, PCPs, POS loans, personal leasing, personal loans, mortgage lending.
To minimize the number of involuntary severances at PDM, we will first implement a plan for voluntary terminations and offer certain benefits to assist employees in finding new employment opportunities through training or other assistance.
Based on the Company's historical attrition run-rate, it anticipates additional voluntary terminations during the remainder of 2008 with annual cost savings of between $1.
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