What is the term for the process involved in letting go of or firing an employee?

The most widely accepted term for the process of letting go of or firing an employee is "Employee Separation." This term encompasses a variety of situations in which an employee leaves the organization, whether voluntarily or involuntarily. It includes not only terminations but also resignations, retirements, or layoffs. The use of "Employee Separation" signifies a broader perspective, recognizing that the departure of an employee can happen for many reasons, not just as a result of disciplinary actions.

While "Termination Process" and "Process of Dismissal" also refer to firing an employee specifically, they are narrower in scope and do not encompass all types of employee exits. "Layoff Procedure" specifically pertains to a situation where employees are let go due to economic factors or organizational restructuring, which is different from the broader concept of separation that includes voluntary resignations as well. Therefore, "Employee Separation" is the most comprehensive and inclusive term for the entire process of an employee leaving a company.