What is Termination Reason?
Termination Reason defines different reason on why a staff leave the company. It is required when End Date is inserted at Placement profile.
What can be defined in Termination Reason?
Termination Reason Code: a short code to represent a Termination Reason.
Termination Reason Name: full name of the Termination Reason
HSBC MPF Code: for companies using HSBC MPF Service only. HSBC has its own set of Termination Reason and is required when a staff is reported terminated. Please fill in the corresponding HSBC MPF code according to its nature.
- Undefined: indicating this is a typical termination reason
- Internal Transfer: indicating this is an internal transfer. When doing "Internal Transfer", the system will locate the termination reason with nature = Internal Transfer and assign this as termination reason.
Is Qualified For Long Service Payment?: If enabled, the system would calculate the Long Service Payment amount in final payment(if the formula is set) when the staff leave with this termination reason.
Remarks: add your own comments.
- Define your own set of Termination Reasons
- Assign Termination Reason when a staff is terminated