Hello nuralamrajon,Your Company is right–as per the clause you mentioned.basically, you have a difference of 9-10 days between what you NEED & what the Company rules dictate.I can see you have 2 options to handle this:1] Talk to your Manager & assure you can com...

Hi,I am working for an MNC in IT sector. I have 3 months notice period in my current job.I have got an offer from other company and they are asking to join in 1 month because of urgent requirement.They are ready to buyout the 2 months notice. As per my offer let...

HiI would like to have a notice buyout letter format.Can anybody help me on this?Regards,Neha

I want to leave my organisation and I cant serve 2 months notice period.It is not practical to serve 2 months notice period.If i buyout my notice period, How much would i have to pay???(Will that be equal to my monthly gross salary*2) or (the amount that gets cr...

Hi SeniorsMy Offer letter mentions the following clause.You or the company may terminate your service at any time by giving 90 days notice or basic salary in lieu thereof. I have received an offer from a company which is willing to wait for 2 but not for 3 month...

According to my offer letter i have to give 2 months of notice period before leaving or have to pay 2 months salary.Do i have to pay full salary or i have have to pay only basic salary part. My employer asking for full payment.

Hi Manu,I need to ask is my LWD in exit tool is Aug and I want in July and my case manager is okay with the short fall and buyout. How can I proceed for making my LWD in exit tool as july.

Hi All,I just wanted to raise a query on Notice period Buyout receipt. Is it mandatory for companies to issue this receipt to employees leaving/ex employees? If yes, could you suggest a format for the letter? And also let me know would there be any liabilities o...

Hi Betzi,Only challenge in making buyout as a policy and not as an option is that, when an employee resigns, he/she would demand on the exit date, rather than requesting the same. It will bring in lot of kiosk. I would suggest, you can always have notice period ...

Hi,Under which head should the following components show in an employee's payslip:Joining Bonus - Should i show under the head 'Others' or as 'Joining Bonus'?Notice period buyout - Under which head should this component come?Regards,Mavis