Document background
This Employment Termination Policy is designed to establish standardized procedures for handling employment terminations within organizations operating in Nigeria. The document becomes necessary to ensure compliance with Nigerian labor laws, including the Labour Act, Pension Reform Act, and other relevant employment regulations. It provides comprehensive guidance on various termination scenarios, including voluntary resignations, dismissals for cause, redundancies, and retirement. The policy includes detailed procedures for notice periods, final settlements, handover processes, and post-termination obligations. It serves as a crucial reference point for HR professionals, managers, and employees, helping to minimize legal risks while ensuring fair and consistent treatment of employees during the termination process. The document is particularly important given Nigeria's complex employment law framework and the need to balance employer interests with employee rights.
