Pink Slip

Posted in Human Resources Terms, Total Reads: 4061

Definition: Pink Slip

A Pink Slip is basically an official termination notice informing the employee that his/her services are no longer required by the organization.

The origin of the word is still a mystery but the best guess is that it finds its origin from an old practice in the United States.

The employees used to receive their salaries in envelopes from the personnel department, and if a pink slip was placed within, it meant that the final settlement was made and that the employee was discharged from his/her duty.

Tara has been ‘pink-slipped’ basically means that she has been discharged from her duties in the organization or has been fired/laid-off.

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