Notice Pay Recovery - terminating an employee.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > Human Resource Section > Employee Compensation & Benefits

Alphamindz Started The Discussion:

Hi All, Need to know whether notice period recovery from the employee is calculated on Basis/gross/NTH Thanks:)

malikjs -  Member Since: Nov 2007
dear it is give and take policy,if are terminating someone ,how u pay to the individual,you recover in same way. tks j s malik

itprofessional -  Member Since: May 2009
Quote:
Originally Posted by malikjs View Post
dear
it is give and take policy,if are terminating someone ,how u pay to the individual,you recover in same way.
tks
j s malik
1. Is there a specific law that deals with large scale retrenchment and compensation for said retrenchment in IT companies?
2. What is the law regarding the compensation to be given to employees of IT companies upon termination? What amount is to be given to them. How about the Medical Expenses and LTA components of the package?
3. A lot of companies offer employees the option of resigning in orde to avoid the ignominy of "getting sacked". Is this a wise option to choose? Is an employee not entitled to retrenchment compensation if he resigns, especially since it is under such circumstances?
4. Most layoffs occur with immediate effect as the companies do not want to pay salaries for the notice period, is this permissible?
5. During the notice period (after being paid off or resigning) what components of salary are due to the employee? i read somewhere that while serving the notice period, the employee doesnt receive HRA, Special Allowance, Cost of Living allowance, Travel allowance etc and will ONLY get the basic pay. Is this true?




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.



    3M Users, 100K+ Documents & 450K+ Discussions

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Community Support & Professional Insights. Login or Register.
    Email/Username    
    Password  

    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network