Dismissal wage is a term used to describe the money given to an employee who is fired or let go from their job. This wage is usually calculated based on the length of time the employee worked for the company and the reason for their dismissal. However, there are several other synonyms for dismissal wage, including severance pay, termination pay, redundancy pay, and exit package. These terms all refer to the same concept of compensating employees who are no longer employed by the company. These payments can provide financial security and help ease the transition to a new job for the dismissed employee.