I have been working with a Company "Vaco Binary Semantic LLC" from April and the company has now decided to shut-down its process and the whole team is about to let go now.
DOJ - April 2, 2024
Probation Ends - August 1, 2024 (as per norms notice period is of 1 month in-case it happens during the probation period.) So, they have managed to process the relieving procedure under the same period in my case particularly.
LWD - 21st August
Now my query is as per Rules/Law how much compensation is legit and what will be the period for which the salary that should be provided in this case?
From India, New Delhi
DOJ - April 2, 2024
Probation Ends - August 1, 2024 (as per norms notice period is of 1 month in-case it happens during the probation period.) So, they have managed to process the relieving procedure under the same period in my case particularly.
LWD - 21st August
Now my query is as per Rules/Law how much compensation is legit and what will be the period for which the salary that should be provided in this case?
From India, New Delhi
As you have not completed minimum period of 240 days, you will be governed as per the employment contract of 1 month notice. No additional compensation can be expected
From India, Bangalore
639From India, Bangalore
As per the rules in the captioned subject employee does not eligible for compensation for such retrenchment. Because not completed the probation period and not having minimum period of 240 days working prior to retrenchment. Therefore, your employer may provide the one month notice period.
From India, Mumbai
From India, Mumbai
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Published_draft _rules_on Employees_ compensation 3.6.2020.pdf
Compensation Benchmarking Survey.doc