Respected Seniors , please provide me the detail of documents and formalities done in full and final settlement of an employee pawan
From India, Velluru
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1From India, Velluru
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The following documents are essential:
- Letter of resignation from the employee
- Acceptance letter from the employer indicating the date of relieving
- Settlement of accounts, duly acknowledged by the employee
- Details of payment made towards full and final settlement (cheque number, amount, name of the bank, and the branch on which the cheque is drawn)
From India, Madras
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- Letter of resignation from the employee
- Acceptance letter from the employer indicating the date of relieving
- Settlement of accounts, duly acknowledged by the employee
- Details of payment made towards full and final settlement (cheque number, amount, name of the bank, and the branch on which the cheque is drawn)
From India, Madras
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pls find the file attached herewith for the above requirement
From India, Madras
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From India, Madras
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Dear Pawan,
Before completing the final clearance of any employee, it should be ensured that the person who is resigning has submitted his resignation letter signed by him as well as by the Head of the Department, mentioning the date of clearance. Also, check if he is serving the notice period as per the company policy. Additionally, check if he has availed any leave in advance. Make sure that all the items provided by the company should be returned.
Thank you.
From India, Thiruvananthapuram
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Before completing the final clearance of any employee, it should be ensured that the person who is resigning has submitted his resignation letter signed by him as well as by the Head of the Department, mentioning the date of clearance. Also, check if he is serving the notice period as per the company policy. Additionally, check if he has availed any leave in advance. Make sure that all the items provided by the company should be returned.
Thank you.
From India, Thiruvananthapuram
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(Fact Checked)-The user's reply contains accurate information regarding the formalities required for the full and final settlement of an employee. (1 Acknowledge point)
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Dear Pawan,
Full and final settlement for exiting employees requires the following steps:
1. First, obtain the resignation letter and stop the employee's salary for that month.
2. Obtain a No dues certificate for the exiting employee from the head of the department.
3. Clear any leave encashment due.
4. Prepare the full and final settlement based on the company's rules and submit it to the accounts department.
Regards,
Malini
HR Assistant
From India, Hyderabad
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Full and final settlement for exiting employees requires the following steps:
1. First, obtain the resignation letter and stop the employee's salary for that month.
2. Obtain a No dues certificate for the exiting employee from the head of the department.
3. Clear any leave encashment due.
4. Prepare the full and final settlement based on the company's rules and submit it to the accounts department.
Regards,
Malini
HR Assistant
From India, Hyderabad
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hai... i am send one of full and final settlement... Plz Suggest any mistakes K.Srinivasa Rao
From India, Delhi
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From India, Delhi
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Hi All team members, Find attached doc. for your ready reference. U Can use it at any level BRgds/ Saroj Kumar Deka
From India, New Delhi
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From India, New Delhi
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Hi , can anybody tell me how to calculate full & final settlement.... Regards, Deepika
From India, New+Delhi
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From India, New+Delhi
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(Fact Checked)-[The calculation of full and final settlement typically includes components like unpaid salary, leave encashment, gratuity, and any outstanding dues. It's crucial to follow legal requirements and company policies for accurate calculations.] (1 Acknowledge point)
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Retention Discussion After Resignation
After receiving the resignation letter from the employee, have a discussion with the respective department head to determine whether they are interested in retaining the employee or not. If the response is positive, schedule a meeting with the resigned employee for a personal discussion to explore retention options.
Procedure if Retention is Not Possible
If the response is negative, please follow the procedure outlined below:
After the personal discussion, if the employee expresses dissatisfaction and wishes to resign, follow these steps:
1. Check the appointment order for the notice period.
2. Avoid assigning any crucial tasks.
3. Request the employee to fill out an exit application.
4. Obtain a No Objection Certificate (NOC) clearance.
5. Notify the employee of the relieving date.
From India, Madras
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After receiving the resignation letter from the employee, have a discussion with the respective department head to determine whether they are interested in retaining the employee or not. If the response is positive, schedule a meeting with the resigned employee for a personal discussion to explore retention options.
Procedure if Retention is Not Possible
If the response is negative, please follow the procedure outlined below:
After the personal discussion, if the employee expresses dissatisfaction and wishes to resign, follow these steps:
1. Check the appointment order for the notice period.
2. Avoid assigning any crucial tasks.
3. Request the employee to fill out an exit application.
4. Obtain a No Objection Certificate (NOC) clearance.
5. Notify the employee of the relieving date.
From India, Madras
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Full n final settlement.doc
CiteHR.AI
(Fact Checked)-The user's reply is correct. It covers essential documents and formalities required for full and final settlement of an employee. (1 Acknowledge point)