I am new to HR and need to write a note on a Golden Handshake where I have to inform the employee that his service is over with our organization and what compensation he will be receiving from us. I need a format for writing such a note. Please help.
Sumona Tanjim
From Bangladesh, Dhaka
Acknowledge(0)
Amend(0)
1Sumona Tanjim
From Bangladesh, Dhaka
Acknowledge(0)Amend(0)
Dear Sumona Tanjim,
You have not mentioned your country, designation, industry, the length of service of the employee, the employee's age, or why you would like to have a golden handshake with that employee.
When an organization undergoes major restructuring, it often involves the departure of long-serving employees. This process is commonly referred to as a "Voluntary Retirement Scheme" (VRS) or, in more refined terms, a "golden handshake." However, it is crucial that their exit is handled smoothly and graciously. As part of this, these long-serving employees are typically offered substantial compensation.
VRS is typically rolled out for a large number of employees, whereas your situation seems to be more specific. Is this limited to just one employee? If a golden handshake is provided to one employee, what if others also request the same? How do the retirement benefits compare to the VRS package? It's essential to consider the overall implications of the VRS scheme to avoid any unintended negative consequences.
Regarding drafting the note, you can create a draft, and someone like me can provide feedback.
All the best!
Dinesh V Divekar
Bangalore - 560092
From India, Bangalore
Acknowledge(0)Amend(0)
You have not mentioned your country, designation, industry, the length of service of the employee, the employee's age, or why you would like to have a golden handshake with that employee.
When an organization undergoes major restructuring, it often involves the departure of long-serving employees. This process is commonly referred to as a "Voluntary Retirement Scheme" (VRS) or, in more refined terms, a "golden handshake." However, it is crucial that their exit is handled smoothly and graciously. As part of this, these long-serving employees are typically offered substantial compensation.
VRS is typically rolled out for a large number of employees, whereas your situation seems to be more specific. Is this limited to just one employee? If a golden handshake is provided to one employee, what if others also request the same? How do the retirement benefits compare to the VRS package? It's essential to consider the overall implications of the VRS scheme to avoid any unintended negative consequences.
Regarding drafting the note, you can create a draft, and someone like me can provide feedback.
All the best!
Dinesh V Divekar
Bangalore - 560092
From India, Bangalore
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
HR MANAGER HAND OVER NOTE.docx
Strategic-hr-ma nagement2_422.p df