Glossary Term: Employee Management & Retention

Layoff

Definition: A layoff is a temporary or permanent termination of employment initiated by the employer primarily due to organizational reasons rather than individual performance. In

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Outplacement

What is outplacement? Definition: Outplacement is a service provided by organizations to support employees who are transitioning out of the company, typically due to layoffs,

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Overconfidence Bias

What is Overconfidence Bias? Definition: Overconfidence bias is a cognitive bias in which a person’s subjective confidence in their judgments, decisions, or abilities is greater

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Quiet Quitting

Definition: Quiet quitting is a term used to describe a situation where an employee disengages from their job and stops putting in the effort, even

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Returnship

What Is a Returnship? Definition: A returnship is a program designed to help professionals re-enter the workforce after an extended absence, such as parental leave,

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