1. When a Person is Working he has to be Paid for that.
2. I am sure when he has given the resignation he never runs away.
3. He intimates you well in advance that he is leaving the Job.
4. He still continues to Work & employee of the Organisation.
5. Why u want stop the payment for the person who is your employee, just because he has given the Resignation Notice.
6. Pay him the Salary for the whole of August
7. The balance 15 days payment along with other with dues can be paid as Full & Final Settlement
8. He is for his Career Prospects
9. Give Him a Smooth Transition
10. Put Ourselves in his Shoes…
From India, Coimbatore
7332. I am sure when he has given the resignation he never runs away.
3. He intimates you well in advance that he is leaving the Job.
4. He still continues to Work & employee of the Organisation.
5. Why u want stop the payment for the person who is your employee, just because he has given the Resignation Notice.
6. Pay him the Salary for the whole of August
7. The balance 15 days payment along with other with dues can be paid as Full & Final Settlement
8. He is for his Career Prospects
9. Give Him a Smooth Transition
10. Put Ourselves in his Shoes…
From India, Coimbatore
Hi
The moment someone gives a notice all payments come to a halt and F & F settlement is done. So
Worked Till = August
Notice given = on 30th August for 1 month
F & F = On the last working day, notice pay + August salary to be given,
It is easier to handle all resignations in this way.
No need to be emotional,as per company policy you can mention to all,in the employee handbook that the moment one puts in resignation,all payments will be stopped and F & F settlement will be done on the last working day. This is just as per the policy and not any other intention to trouble people. So one can manage his finance accordingly.
Thanks
Geeta
From Korea, Seoul
The moment someone gives a notice all payments come to a halt and F & F settlement is done. So
Worked Till = August
Notice given = on 30th August for 1 month
F & F = On the last working day, notice pay + August salary to be given,
It is easier to handle all resignations in this way.
No need to be emotional,as per company policy you can mention to all,in the employee handbook that the moment one puts in resignation,all payments will be stopped and F & F settlement will be done on the last working day. This is just as per the policy and not any other intention to trouble people. So one can manage his finance accordingly.
Thanks
Geeta
From Korea, Seoul
Hi vpriya,
Once an employee tenders his/her resignation, all dues payable to him become part of the Full and Final settlement including pay of the notice period. Full and Final should be ready on the last working day before the closing hours of office.
with regards,
R.K.SINGH
From India, Delhi
Once an employee tenders his/her resignation, all dues payable to him become part of the Full and Final settlement including pay of the notice period. Full and Final should be ready on the last working day before the closing hours of office.
with regards,
R.K.SINGH
From India, Delhi
madam v priya
Notice period differs from Company to Company. It can be one month or three months depending on the terms and conditions of the employment.During the notice period either the employee should actually be present and serve or if the employee wants leave the service with immediate effect the gross emoluments equivalent to the notice period should be deposited with the employer, before the last date of the employment.
Notice period salary should be paid either on the last date of employment or in the month end.
regards
madhwa.
From India, Mumbai
Notice period differs from Company to Company. It can be one month or three months depending on the terms and conditions of the employment.During the notice period either the employee should actually be present and serve or if the employee wants leave the service with immediate effect the gross emoluments equivalent to the notice period should be deposited with the employer, before the last date of the employment.
Notice period salary should be paid either on the last date of employment or in the month end.
regards
madhwa.
From India, Mumbai
Hi Priya,
Nowadays all employees are well aware about notice period. So that they are submitting their resignatio letter after closing day of account for salary. When you can't stop salary to credit on his account then only they are submitting the letter. Normally we are calculating from 26th to 25th of every month. Then only we can disburse salary on or before 1st.
From India, Madras
Nowadays all employees are well aware about notice period. So that they are submitting their resignatio letter after closing day of account for salary. When you can't stop salary to credit on his account then only they are submitting the letter. Normally we are calculating from 26th to 25th of every month. Then only we can disburse salary on or before 1st.
From India, Madras
Hi vpriya
I think you have to pay his August salary with regular and can made a f&f in next month salary.
some of the subjects in the organization are very sensitive, salary is one of it. So I think you should give his salary as early as possible. This maitains our organization reputation in market.
Regards,
Sandeep More
From India, Mumbai
I think you have to pay his August salary with regular and can made a f&f in next month salary.
some of the subjects in the organization are very sensitive, salary is one of it. So I think you should give his salary as early as possible. This maitains our organization reputation in market.
Regards,
Sandeep More
From India, Mumbai
I agree with you Arul, employees think on all these lines while putting in their papers.. still as an employer, we need to see what is fair for both the parties and be some where in the median.. so the question is not which is right or wrong, but which is fair..
hope you all agree..
Thanks a ton,
Priya
From India, Madras
hope you all agree..
Thanks a ton,
Priya
From India, Madras
Yes Sandeep, the Organization's reputation has a high stake in this. But as i said earlier, it's about being fair to the employees and also to the employer..
what ever said and done, there are people who do abscond without serving notice period, without notice, i'm sure you all would have come across such instance.. so basically we need to have a cover for such risks and at the same time be nice to employees.
From India, Madras
what ever said and done, there are people who do abscond without serving notice period, without notice, i'm sure you all would have come across such instance.. so basically we need to have a cover for such risks and at the same time be nice to employees.
From India, Madras
Hi Priya,
Notice pay can be paid with in 45(max) days also but through F&F Settlement.
Since his contribution has to be settled in statutory payments also mainly PF.
It depends some compnaies make recovery and short fall of notice period all these are calculated on basic compenent in the salary.
regards
Gopal
From India, Madras
Notice pay can be paid with in 45(max) days also but through F&F Settlement.
Since his contribution has to be settled in statutory payments also mainly PF.
It depends some compnaies make recovery and short fall of notice period all these are calculated on basic compenent in the salary.
regards
Gopal
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Notice period.jpg
Notice Period Extension Letter Format.doc