Voluntary termination refers to the process where an employee chooses to leave their job willingly, rather than being laid off or fired. This decision can be influenced by various factors, such as personal circumstances, career changes, or dissatisfaction with the current role. In many cases, employees may provide notice to their employer, allowing for a smoother transition. This notice period can vary depending on company policy or employment contracts. Voluntary termination can also impact benefits, such as unemployment insurance and retirement plans, depending on the specific circumstances of the departure.