Hi Seniors,
I need some guidance regarding exiting from my current company.
I joined my current organisation around 4 years ago and recently received a better offer from another firm.
So I've decided to quit my current organisation and have put down my resignation wanting to serve my full 2 months notice period(because i don't want to join my next company before 2 months)
Now i didn't really have any pending work from my side so my current manager (probably in a fit of grudge of me leaving) is playing games forcing the company to relieve me earlier (within this week). I had few discussions with my current company HR and even after telling them that i'm willing to work for 2 months they have decided to relive me this week.
As per the clause in my offer letter, any party (the company in this case) needs to pay 2 months salary in lieu of early exit or relieving.
Now as I understand there's usually a Full and Final settlement process with company for final payment. However, i had few questions regarding the same:
1) How is final settlement amount calculated? e.g. if I put down my resignation on 15th Feb then would be I liable to complete salary of 2 months? Are there any other benefits provided alongside?
2) When would i be receiving this notice period salary? After 2 months?
3) How would i receive the salary for remaining days (1st to 15th Feb)? Is it usually paid with the final settlement or separately?
Now i understand these questions would be better discussed with my company HR (which i am going to discuss today). But given the untrustworthy behavior of HR department thus far after resignation, I wanted to get a heads up on how this is usually done in the industry so that i don't get conned by them.
Thank You
From India, Delhi
I need some guidance regarding exiting from my current company.
I joined my current organisation around 4 years ago and recently received a better offer from another firm.
So I've decided to quit my current organisation and have put down my resignation wanting to serve my full 2 months notice period(because i don't want to join my next company before 2 months)
Now i didn't really have any pending work from my side so my current manager (probably in a fit of grudge of me leaving) is playing games forcing the company to relieve me earlier (within this week). I had few discussions with my current company HR and even after telling them that i'm willing to work for 2 months they have decided to relive me this week.
As per the clause in my offer letter, any party (the company in this case) needs to pay 2 months salary in lieu of early exit or relieving.
Now as I understand there's usually a Full and Final settlement process with company for final payment. However, i had few questions regarding the same:
1) How is final settlement amount calculated? e.g. if I put down my resignation on 15th Feb then would be I liable to complete salary of 2 months? Are there any other benefits provided alongside?
2) When would i be receiving this notice period salary? After 2 months?
3) How would i receive the salary for remaining days (1st to 15th Feb)? Is it usually paid with the final settlement or separately?
Now i understand these questions would be better discussed with my company HR (which i am going to discuss today). But given the untrustworthy behavior of HR department thus far after resignation, I wanted to get a heads up on how this is usually done in the industry so that i don't get conned by them.
Thank You
From India, Delhi
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