DECA Human Resources Management Complete Practice Test 2025

Question: 1 / 400

What is a severance package typically provided for?

Daily attendance of employees

Employee recognition and rewards

Employees leaving the company for various reasons

A severance package is typically provided for employees who are leaving the company for various reasons, such as layoffs, voluntary resignations, or terminations. This package often includes financial compensation and may also include continued health benefits or other forms of support to assist the employee during their transition to new employment. Severance packages can help maintain a positive relationship between the departing employee and the organization, reflecting goodwill and care from the employer.

In contrast, daily attendance of employees, employee recognition and rewards, and incentives for high performers to stay do not pertain to severance. Such aspects relate more to employee retention, engagement, and motivation rather than to the processes or benefits associated with departing employees.

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Incentives for high performers to stay

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