• Voluntary dismissal occurs when an employee decides to leave work or terminate the contract ahead of schedule.
  • Voluntary dismissal is different from dismissal, dismissal or reduction, since the decision is made by the employee, not the employer.
  • Some downsizing firms require a voluntary layoff in exchange for a better exit package, such as a bigger payout, health insurance, or other perks.
  • The decision to terminate the contract early, for example, with an Internet service provider, is also called voluntary termination.