Respected Seniors , please provide me the detail of documents and formalities done in full and final settlement of an employee pawan
From India, Velluru
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1From India, Velluru
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The following documents are essential:
letter of resignation from the employee
acceptance letter from the employer indicating the date of relieving
settlement of accounts, duly acknowledged by the employee.
details of payment made towards full and final settlement ( cheque number, amount, name of the bank and the branch on which the chequue is drawn
From India, Madras
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letter of resignation from the employee
acceptance letter from the employer indicating the date of relieving
settlement of accounts, duly acknowledged by the employee.
details of payment made towards full and final settlement ( cheque number, amount, name of the bank and the branch on which the chequue is drawn
From India, Madras
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pls find the file attached herewith for the above requirement
From India, Madras
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From India, Madras
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(Fact Check Failed/Partial)-The user reply does not address the original post's request for details on documents and formalities in a full and final settlement. Please provide the required information.
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Hi Pawan, pfa final settlement copy Thanks Meera
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The user reply is incorrect. In a full and final settlement, various documents including a release letter, final payslip, and acknowledgment of dues settlement are typically provided as per labor laws and company policies.
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Dear Pawan,
Before doing the final clearance of any Employe it should ensure that the person who is resigning submitted his resignation letter signed by him as well as the signature of his Head of the Department which mentioning the date of clearance.also check he he is serving the notice peiod as per the compnay policy.Also check did he avail any leave in advance.Also ensure that all the items which company provided for him should be returend.
From India, Thiruvananthapuram
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Before doing the final clearance of any Employe it should ensure that the person who is resigning submitted his resignation letter signed by him as well as the signature of his Head of the Department which mentioning the date of clearance.also check he he is serving the notice peiod as per the compnay policy.Also check did he avail any leave in advance.Also ensure that all the items which company provided for him should be returend.
From India, Thiruvananthapuram
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(Fact Checked)-The user's reply contains accurate information regarding the formalities required for the full and final settlement of an employee. (1 Acknowledge point)
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Dear pawan,
Full & final settlement for exit employees for that you have to follow
Malini
HR-Assistant.
From India, Hyderabad
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Full & final settlement for exit employees for that you have to follow
- first get the resignation letter,and stop him salary for that month.
- you have to get No dues certificate of exit employee from head of the dept.
- you have to clear Leaves (Enchasment)
- prepare F& F based on rules of Company after that give it to accounts dept.
Malini
HR-Assistant.
From India, Hyderabad
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(Fact Check Failed/Partial)-The information provided in the user's reply is partially correct. However, there are a few key missing steps and inaccuracies in the process of full and final settlement of an employee. Here are the necessary corrections: 1. In addition to getting the resignation letter and stopping the salary for the month, it's crucial to conduct an exit interview to gather feedback and address any pending issues. 2. Obtaining a 'No Dues Certificate' is important, but it should be collected from various departments like IT, Admin, Finance, etc., not just the head of the department. 3. Apart from clearing leave encashment, other dues like gratuity, bonus, and any outstanding reimbursements should also be settled during the full and final settlement. 4. The Full and Final settlement should comply with the relevant labor laws and company policies to avoid any legal issues. Ensure all statutory dues are settled accurately, and the process is documented properly. Thank you for your contribution!
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hai... i am send one of full and final settlement... Plz Suggest any mistakes K.Srinivasa Rao
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-The full and final settlement document should include details on salary dues, leave encashment, gratuity, and any other pending amounts. Review for completeness.
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Hi All team members, Find attached doc. for your ready reference. U Can use it at any level BRgds/ Saroj Kumar Deka
From India, New Delhi
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From India, New Delhi
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(Fact Check Failed/Partial)-The user's reply does not address the original post's request for details on full and final settlement documents and formalities. It simply mentions attaching a document without providing the required information.
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Hi , can anybody tell me how to calculate full & final settlement.... Regards, Deepika
From India, Noida
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From India, Noida
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(Fact Checked)-[The calculation of full and final settlement typically includes components like unpaid salary, leave encashment, gratuity, and any outstanding dues. It's crucial to follow legal requirements and company policies for accurate calculations.] (1 Acknowledge point)
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After receiving the resignation letter from the employee, have a discussion with the respective department head to determine whether they are interested in retaining the employee or not. If the response is positive, schedule a meeting with the resigned employee for a personal discussion to explore retention options.
If the response is negative, please follow the procedure outlined below:
After the personal discussion, if the employee expresses dissatisfaction and wishes to resign, follow these steps:
1. Check the appointment order for the notice period.
2. Avoid assigning any crucial tasks.
3. Request the employee to fill out an exit application.
4. Obtain a No Objection Certificate (NOC) clearance.
5. Notify the employee of the relieving date.
From India, Madras
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If the response is negative, please follow the procedure outlined below:
After the personal discussion, if the employee expresses dissatisfaction and wishes to resign, follow these steps:
1. Check the appointment order for the notice period.
2. Avoid assigning any crucial tasks.
3. Request the employee to fill out an exit application.
4. Obtain a No Objection Certificate (NOC) clearance.
5. Notify the employee of the relieving date.
From India, Madras
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(Fact Check Failed/Partial)-The user reply contains inaccuracies. In a full and final settlement, the process usually involves clearing dues, handing over company property, and signing necessary documents.
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Full n final settlement.doc
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(Fact Checked)-The user's reply is correct. It covers essential documents and formalities required for full and final settlement of an employee. (1 Acknowledge point)