Notice Period Shortfall Letter
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Search Result For "Notice Period Shortfall Letter" - Page 1
My company has a 2-month notice period. However, I am providing only a 20-day notice period shortfall, which is equivalent to 1 month and 10 days. As a result, the company is imposing a penalty of 20% of the annual salary plus the shortfall days. Is this justifi...
Hi all, I need your assistance with the following calculation.An employee worked only for 15 days during his notice period. Now, do we pay him 15 days of full salary, and deduct the rest of the notice shortfall from either the basic or gross amount?Please assist...
Dear Monica,What is the length of the notice period? Is it 1 month or even longer? In the normal course, any shortfall in the notice period will be adjusted from the Earned Leave balance in the employee's credit. In the case of your employee, let us assume the n...
Dear All,I was working in company since last 2 years. In last year, Company didn’t get any project. I was sitting idle since last 4 months. So I resigned from company and gave 3 months of notice. I thought I would get early release due to no work. HR called for ...
If you want to leave early and the company does not agree, you may need to buy out the notice period. If the company insists on your early departure and waives the notice period requirement, they cannot charge you for it.New Blog on health - [Health Beauty Fitne...
In general concept, Notice period recovery rate is quite similar to the rate of leave encashment paid during the final settlement.
The recovery of the notice period is based on the policy of the company. In most cases, companies recover the notice period on the basic pay.Thanks
Industry practice is recovery to be made from gross salary.But why do you want to recover the shortfall in the notice period? Instead, you can ask the employee to surrender his earned leave for adjusting the shortfall in the notice period.
**Understanding the Implications of the "STOP Reporting" Clause on a Relieving Letter**a. **Future Challenges**:- The clause mentioned in your relieving letter, where you agree to stop reporting after 70 days and pay for the notice shortfall, may have implicatio...
Hi,I have planned to resign from my current role due to not experiencing any growth in the last 2 years. My base location is Noida, and my reporting manager is in Mumbai. I have received a wonderful opportunity from an organization where they have offered me the...