Sanjeevntpl
Manager-hr
Arungk4u
Hr Related
Rudsan
Hr Generalist
Vamsi Krishna
Recruiter, Hr Generalist
+2 Others

PRIME SPONSOR - FACTOHR - Customised Payroll, GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Hello All ,
Hope all are doing well . Actually i have some question in my mind and this is rite place to get brilliant answer from all .
As i am new in this profession , i want to know that when any of the employee give the resignation letter after that what are the full procedure regarding document and all . that means full and final settlement for that employee and even for employer .
Please do help me by all your brilliant answer .
Waiting for good reply ,
Thanks & Regards ,
Rashmi Mehra :)
keep Smiling
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
sorry i forget to mention about leave days ,if any one have left with the leave of the year .so , whether they are entitled to get reimbursement for that or some pay or how it can be settled . please help me in that also
Thanks & Regards ,
Rashmi Mehra :)
hello!!
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!
have a great day!
Hi
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
Regards
Arun
Even Can i know that if person resignation date is in mid then how to calculate his provident fund amount .is he is entitled to receive all amount or there should be some method to calculate .or depend on company how to calculate that
Help me out
Thanks
once the resigantion is accepted the following activities are to be performed by the HR.
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.
Thanks its very useful
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
:)
thanks for above information to all bt still i have confusion in mind abt is dere any form that need fill up by resignee at that time. n how to calculate the pf n esi for that person if he/she resign in mid of month.
hope for the valuable help
Thanks & Regards
Karuna Sharma
All statutory contribution/deductions need to be considered till last working date. You can use prorata computation. For more details on PF you may visit this EPF FAQ and for ESI check out ESI FAQ.
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses

Add Reply Start A New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™