Hi,
I\'m working in MNC where notice period is 3 months but I\'ve got one document from the company in the form of \"Employee Agreement\" where it\'s clearly written that I can buyout my notice period but somehow informally management made it mandatory to serve 3 months notice period & they are accepting salary in lieu of notice period & due to this some good opportunities missing from my hand as no company is ready to hire with 3 months notice period, actually i want to know is there any hidden policy can be there which can force me to serve mandatory notice period as company is in recent past has merged one from another, kindly help me out with your valuable information on that
From United States, Houston
I\'m working in MNC where notice period is 3 months but I\'ve got one document from the company in the form of \"Employee Agreement\" where it\'s clearly written that I can buyout my notice period but somehow informally management made it mandatory to serve 3 months notice period & they are accepting salary in lieu of notice period & due to this some good opportunities missing from my hand as no company is ready to hire with 3 months notice period, actually i want to know is there any hidden policy can be there which can force me to serve mandatory notice period as company is in recent past has merged one from another, kindly help me out with your valuable information on that
From United States, Houston
Dear Mridul,
First go through your appointment letter. What conditions are mentioned in it for leaving the company.If there is no such conditions in your appointment letter, you can definitely buy your notice period. Give them reference of your appointment letter.
From India, Pune
64First go through your appointment letter. What conditions are mentioned in it for leaving the company.If there is no such conditions in your appointment letter, you can definitely buy your notice period. Give them reference of your appointment letter.
From India, Pune
Every change in the policy is declared by the HR and announced on the Internal portal or notice board.
If there weren't any such declaration, you still need to refer the employment agreement. There must be a conditional statement made under the topic 'Separation'. What is it ? If they are ready to buy the notice period , why are you not considering it?
Serve one month and buy the rest of the duration. Speak to your future employer , if they can help you with the separation , in terms of offering a date within the duration and the documents you may need.
If the employer really needs you to join early, they can even offer you a joining bonus , which might be an equivalent amount to the notice period buy-out. Ask the hiring manager about it, once you are offered the role.
Looking forward to hear from you
From India, Mumbai
If there weren't any such declaration, you still need to refer the employment agreement. There must be a conditional statement made under the topic 'Separation'. What is it ? If they are ready to buy the notice period , why are you not considering it?
Serve one month and buy the rest of the duration. Speak to your future employer , if they can help you with the separation , in terms of offering a date within the duration and the documents you may need.
If the employer really needs you to join early, they can even offer you a joining bonus , which might be an equivalent amount to the notice period buy-out. Ask the hiring manager about it, once you are offered the role.
Looking forward to hear from you
From India, Mumbai
Hello Mridul,
Notice period is mentioned in the employment contract to avoid the loss employer and employee will bear of sudden termination.
If you have a clause mention to buy the notice period then buy the part of notice pay and rest you serve. Most of the time future employer pays on your behalf. For me company has paid when I resigned from the previous company. The same you can negotiate with your prospect employer.
The best thing discuss with your HR team whom you like the most and hope you will find a way to this issue.
Hope this may help you; I have seen Ms.(Cite Contribution) post and she has guided you in a right way.
From India, Bhubaneswar
Notice period is mentioned in the employment contract to avoid the loss employer and employee will bear of sudden termination.
If you have a clause mention to buy the notice period then buy the part of notice pay and rest you serve. Most of the time future employer pays on your behalf. For me company has paid when I resigned from the previous company. The same you can negotiate with your prospect employer.
The best thing discuss with your HR team whom you like the most and hope you will find a way to this issue.
Hope this may help you; I have seen Ms.(Cite Contribution) post and she has guided you in a right way.
From India, Bhubaneswar
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Relieving Clearance form.doc