AlpineSkier
Actually, successfully "managing an employee out" of a business is definitely not the same as "sacking" an employee. Ideally, it is a process between a manager and employee where the employee comes to realize they are not meeting known performance criteria and they leave voluntarily.
Often, these employees are not happy in their jobs because they already know they are not meeting job expectations. In the few times I have had to "manage out" an employee, they have left voluntarily and have actually gone on to other jobs where they were more satisfied and happy.
I know that what some people call "managing out" is the equivalent to "sacking". However, that's not what it means if done correctly.
TB