once resignation is approved,we issue a notice to the resigning employee informing her/him of the forms that needs to be accomplish, like turnover form (these are list of files, equipment, supplies, etc) which are under his/her custody, clearance form that needs to be signed by the different offices. And also the things that needs to be surrendered like company ID, health Id, Manuals. When clearance is complete, the finance dept. will process the release of all monetary due to the employee.
as a far a leave is concerned it depends on the policy of the company, if it can be monetized or can be used prior to the resignation or it is forfeited.
hope ths helps!
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When an employee resigns from the job, we have to check for the notice period whether it is as per our company policy & get the clearance form duly filled up & signed from different HOD's for ex: Dept Head, Accounts, Time office, Stores, Safety & other concerned departments.
If the notice period is not as per the company norms & if any amount is to be recovered from him, u can inform the employee to pay the amount by cheque & then issue him relieving and experience letter. That's all
1)Exit interview questionaire & to issue acceptance of resignation letter.
2)to check the notice period fullfiment.
3)time office extracts of his presence during the month and the leave balances to his credit.
4)to raise no due clearence to all the concerned dept.
5)once the no due is obtained , preparation of full n final settlement with all adjustments if any.
6) 1 After full and final is done if any thing is payable to employee cheque is given. Also service certificate is issued.
2) In case recovery is there a recovery advice is sent.
7)His personal file is closed.
But still i am not clear with some calculation part .
First let me , explain what i am looking for ,suppose employee given resignation letter on 20 Nov and his reliving date is 20 dec . so how we calculate his PF account .please give detail about this
hope for the valuable help
Thanks & Regards