About Termination Letter & Release
A termination letter is a contract that notifies the end between two or more parties. Based on the Fair Standards Act, you must inform the employee of their dismissal ahead of time.
Termination letters are beneficial to keep a good company reputation and to keep records for legal purposes. The message also helps employees to understand the reasonings for their dismissal.
Important factor about the termination
When writing the termination letter, you would need to make sure that you notify the employee for their termination date and state the reasonings. An important factor about the termination letter is that it explains the employee's benefits once employment had ended. These benefits include healthcare, life insurance, and retirement funds.