Termination of employment is an inevitable part of personnel activity within any organization, and many of the reasons for termination are routine. Below are examples of some of the most common circumstances under which employment is terminated:
- Resignation – voluntary employment termination initiated by an employee.
- Discharge – involuntary employment termination initiated by the organization.
- Layoff – involuntary employment termination initiated by the organization for non-disciplinary reasons.
- Retirement – voluntary employment termination initiated by the employee meeting age, length of service, and any other criteria for retirement from the organization.
Advantus requests the following:
- At least 2 weeks’ written notice of resignation for staff level employees
- 3 weeks’ written notice of resignation for supervisor level employees
- 4 weeks’ written notice of resignation for managers
- 12 weeks’ written notice of resignation for executive employees
Advantus will generally schedule exit interviews at the time of employment termination. The exit interview will afford an opportunity to discuss such issues as employee benefits, conversion privileges, repayment of outstanding debts to Advantus, or return of Advantus-owned property. Suggestions, complaints, and questions can also be voiced.
The employee will be notified in writing of the benefits that may be continued through COBRA and of the terms, conditions, and limitations of such continuance. Determination of pay out of accrued, earned PTO will be on a case-by-case basis and at the sole discretion of Advantus; however, a departing employee will not be eligible for PTO payout consideration unless the employee gives the advance notice requested above corresponding to their employment level. Advantus will comply with applicable federal and state law in administering this and other policies.