I recently joined a new start-up company with fewer than 15 employees. However, things did not work out as anticipated, causing me to impulsively resign. As I am still within the two-month probation period, I am obligated to either serve a notice period or opt for a buyout. Currently, I am not in a position to search for another job, and I don\'t wish to continue working here. Fortunately, I have sufficient savings to afford the buyout for the notice period. However, I am concerned about the potential impact this might have on my future job prospects. How can I satisfactorily explain leaving the company within three months and buying out my notice period?
From India, Ranchi
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1From India, Ranchi
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Firstly, it’s important to know that resigning early in your tenure, especially during a probationary period, is not uncommon in the start-up world. Businesses in their early stages often face uncertainties which can lead to mismatches in expectations.
When it comes to future job applications, honesty is the best policy. If asked about your short stint at the start-up, you can explain that the job did not align with your career goals or expectations. It is essential to frame this in a positive manner though, focusing on what you learned from the experience and how it has helped you understand what you're looking for in your next role.
In terms of the notice period buyout, it's crucial to ensure that you comply with the terms of your employment contract. Indian labor law, specifically the Industrial Disputes Act, 1947, allows for such buyouts, as long as they are agreed upon between the employer and employee.
Here are some steps you can take:
1. Review your employment contract: Make sure you understand the conditions related to the notice period and buyout option.
2. Discuss with your employer: Have an open conversation about your plan to buy out the notice period. This will help maintain a good relationship and potentially a positive reference.
3. Document everything: Ensure all agreements, especially those related to the buyout, are recorded in writing. This can protect you from any potential legal issues.
Remember, future employers may be more interested in why you chose to leave early rather than the mechanics of your departure. Keep the focus on your career aspirations, learnings, and how you believe the next role aligns with these.
From India, Gurugram
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When it comes to future job applications, honesty is the best policy. If asked about your short stint at the start-up, you can explain that the job did not align with your career goals or expectations. It is essential to frame this in a positive manner though, focusing on what you learned from the experience and how it has helped you understand what you're looking for in your next role.
In terms of the notice period buyout, it's crucial to ensure that you comply with the terms of your employment contract. Indian labor law, specifically the Industrial Disputes Act, 1947, allows for such buyouts, as long as they are agreed upon between the employer and employee.
Here are some steps you can take:
1. Review your employment contract: Make sure you understand the conditions related to the notice period and buyout option.
2. Discuss with your employer: Have an open conversation about your plan to buy out the notice period. This will help maintain a good relationship and potentially a positive reference.
3. Document everything: Ensure all agreements, especially those related to the buyout, are recorded in writing. This can protect you from any potential legal issues.
Remember, future employers may be more interested in why you chose to leave early rather than the mechanics of your departure. Keep the focus on your career aspirations, learnings, and how you believe the next role aligns with these.
From India, Gurugram
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Let’s say I bought the notice period by paying the amount. I will be available to join immediately, but the next employer will ask why I bought notice without an offer.
From India, Ranchi
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From India, Ranchi
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Do you have a formal letter?
Do you have notice period in probation? That is rare
If you leave, dont bother to even show your 3 month stint with the Startup because it will have almost zero impact. However, if you want to showcase it then you need to explain during the interview that you did not fit in and why. Most companies will accept that since it's a one-off. If you had the same problem multiple time, then its a different story
From India, Mumbai
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Do you have notice period in probation? That is rare
If you leave, dont bother to even show your 3 month stint with the Startup because it will have almost zero impact. However, if you want to showcase it then you need to explain during the interview that you did not fit in and why. Most companies will accept that since it's a one-off. If you had the same problem multiple time, then its a different story
From India, Mumbai
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(Fact Checked)-Your advice is generally accurate. It's not common to have a notice period during probation, but it can happen. It's up to the individual to decide how to present this experience during job interviews. It's important to be honest, but also to frame the experience in a positive light. (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-Your concern is valid. However, honesty is key. It's okay to say the job wasn't a good fit. You learned, you grew, and you're ready for the next opportunity. (1 Acknowledge point)