Hi All,
I am Siva and I work for a private sector and in offer it was specified that if employee want to leave organization, 2 months notice is compulsory.
now im on floor and i have resigned for my job and the notice i gave is 2 weeks.
could anybody help me in following regard,
1) what will be the compensation i have to pay towards my employer?
2) is it total one month salary i have to pay ?
3) only basic for two months i have to pay?
4) how i need to handle the situation.
5) is it compulsory that i have to pay compensation even if i was on bench
6) what are the policies that comes under labour act for employee exit with short notice
7) are there any common policies falls under labour act that every company need to follows
Thanks in advance. sorry for inconvinience
Thanks and Regards,
Siva.
From India, Hyderabad
I am Siva and I work for a private sector and in offer it was specified that if employee want to leave organization, 2 months notice is compulsory.
now im on floor and i have resigned for my job and the notice i gave is 2 weeks.
could anybody help me in following regard,
1) what will be the compensation i have to pay towards my employer?
2) is it total one month salary i have to pay ?
3) only basic for two months i have to pay?
4) how i need to handle the situation.
5) is it compulsory that i have to pay compensation even if i was on bench
6) what are the policies that comes under labour act for employee exit with short notice
7) are there any common policies falls under labour act that every company need to follows
Thanks in advance. sorry for inconvinience
Thanks and Regards,
Siva.
From India, Hyderabad
Hai,
Here are your answers:
1) what will be the compensation i have to pay towards my employer?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
2) is it total one month salary i have to pay ?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
3) only basic for two months i have to pay?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
4) how i need to handle the situation.
Please go through the standing orders of your organisation in which the policies regarding separation of the employee will be mentioned.
Suppose if the Org policie states that compensation need to be Paid.Than it will be subjected to your bargaining & persuasion with the management.
5) is it compulsory that i have to pay compensation even if i was on bench
No Idea
6) what are the policies that comes under labour act for employee exit with short notice
No Idea
7) are there any common policies falls under labour act that every company need to follows
Standing Orders Act 1946
From India, Hyderabad
Here are your answers:
1) what will be the compensation i have to pay towards my employer?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
2) is it total one month salary i have to pay ?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
3) only basic for two months i have to pay?
Ref:Standing Orders of the organisation & agreement you have sighned at the time of your joining.
4) how i need to handle the situation.
Please go through the standing orders of your organisation in which the policies regarding separation of the employee will be mentioned.
Suppose if the Org policie states that compensation need to be Paid.Than it will be subjected to your bargaining & persuasion with the management.
5) is it compulsory that i have to pay compensation even if i was on bench
No Idea
6) what are the policies that comes under labour act for employee exit with short notice
No Idea
7) are there any common policies falls under labour act that every company need to follows
Standing Orders Act 1946
From India, Hyderabad
Hai Divaakar,
thanks, i have gone thru my order and it was clearly stated as,
After confirmation of your employement. either party can terminate this employement by serving a notice of 2 months on the other, save and except that the company at its option, can pay salary in lieu o the notice period.
Here is the confusion,
-- it was not clearly specified that which salary need to be compensated
is it BASIC, GROSS or NET
-- what is the meaning of, "on the other, save and except that the company as its option".
-- can i ask management
From India, Hyderabad
thanks, i have gone thru my order and it was clearly stated as,
After confirmation of your employement. either party can terminate this employement by serving a notice of 2 months on the other, save and except that the company at its option, can pay salary in lieu o the notice period.
Here is the confusion,
-- it was not clearly specified that which salary need to be compensated
is it BASIC, GROSS or NET
-- what is the meaning of, "on the other, save and except that the company as its option".
-- can i ask management
From India, Hyderabad
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