Termination laws vary across countries. However, the following necessities are very popular in major regions:
• Legal grounds of termination, which define the circumstances in which both parties can end their agreement without any legal hassle
•Notice period, where an employer notifies the employee of their termination and provides employment to a few weeks or a month till their last working date.
•Severance pay, which is the amount an employer releases to the employee in case of termination due to redundancy or mass layoff.
On the other hands, termination process in the US requires employers to provide COBRA (Consolidated Omnibus Budget Reconciliation Act) details while notice period and exit interviews are optional. Moreover, US employees with at-will employment (in the absence of an employment agreement) can be terminated immediately without any notice.