Hi Friends,
A colleague of mine has recently quit the company. He has not been paid for the last 2 months. In the release letter provided , there is a sentence stating that there are no dues pending from the company in terms of salary or perks. HR of the company has said that the pending dues (2 months Salary) will be mentioned in the Full & Final Statement. I have a few doubts that I need advise on :
1. What is the importance of the release letter? is it considered as a legal letter?
2. If the candidate accepts the letter in its current form, does it affect his claim to the pending salary from a legal standpoint?
3. Can HR mention that 'No Dues are Pending' even if there is salary pending? Is it legal for them to do so? if not , what action can be taken?
4. How does the statement impact my friend when he joins another company?
Advise on this is highly appreciated as right now , all employees are feeling insecure regarding this.
Thanks & Regards
23rd May 2012 From India, Mumbai
Dear friend,
The release letter is for your friend and not for the company. Hence the statement that "no dues pending" implies that the employee owes nothing to the company he served/from the company he is being released from.
Regards,
23rd May 2012 From India, Madras
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™