What is termination letter?
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The termination letter is the final document and part of the communication on behalf of the company that an employee faces when leaving. The letter should be prepared in advance and drafted correctly to fit the corporate culture and staff offboarding.
The letter should contain the required elements, including the employee's full name, position and department, the exact date of the last day of employment, additional information about financial benefits, and a contact person with whom these benefits can be discussed. The letter should specify to whom the company's assets are to be transferred.