final paycheck
Termination day compensation
A final paycheck is the last payment an employee receives from an employer upon leaving a job, whether through resignation, layoff, or termination.
Laws vary by jurisdiction on how quickly employers must issue it—some require immediate payment, others allow the next regular pay period.
Final paychecks often include accrued vacation time or other owed compensation: HR said my final paycheck would include unused PTO.
- pink slipEmployment termination notice
- layoffTermination without cause
- walking papersInformal dismissal notice
- direct depositFunds sent to account automatically
- wage lawsRules governing worker compensation
resignation · severance · dismissal · deductions · redundancy · gross pay · retirement · pay stub · net pay · career transition · wrongful termination · unemployment benefits · termination notice · two weeks notice · downsizing · furlough · wage garnishment · withholding tax
- Offboardingexit interview, termination letter, resignation letter, severance package, notice period
- employer dutiespayroll, payroll taxes, tax withholding, W-2 forms, 1099 forms
- Payroll Problemslate payment, underpayment, overpayment, bounced check, miscalculation
- severanceseverance, severance pay, severance package, termination pay, separation pay
- wage lawsminimum wage, fair wages, overtime pay, overtime rules, FLSA
- retirementretirement, retire, retirement age, retirees, retirement income