My offer letter says that I am supposed to give a notice period of 3 months. My Offer letter doesn't talk about a reverse settlement or compensation from my end if I chose to get relieved prior to date. Considering that I would like to be relieved in one month including the Privilege leaves available to me on Pro Reta and ready to compensate what are the rules. Should I pay the 2 months Gross as compensation or just the basic pay. Is there any specific rule that specifies how the employee can compensate to get his relieving prior to the actual date.
Are there any hard and specific rules that an employee has to compensate for sure, if he chooses not to serve the entire notice period.

From India, Bangalore
Partner - Risk Management
Vice President - Hr/hcm/people Success
Ashutosh Thakre
Hr Professional
+1 Other

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Hi Rudran,
It would have been nice if you would have approached your HR department for this. When you have clearly mentioned that your appointment letter states that you are not given a provision to buyout your notice period, please do not take our advise and take a wrong decision. I have seen people assuming that they would get a solution and take hasty decision which had lead them to suffer. If you have been associated with the company for a longer duration, then please do think and act wisely.

From India, Bangalore
Ashutosh Thakre

Dear Rudran,
The HR department might be just a walk away. Meet them... speak with them, sort the issue out. Involve your immediate boss, in the entire dealing... This will save a lot of problems and miscommunication.
Ashutosh Thakre

From India, Mumbai

If your appointment letter states 3 months notice period, then that's what will apply.
If there is no provision for early exit, then that option is not available for you. There is no law providing you the option to violate the terms of your contract of employment.
You can always approach you HR team and see if they are willing to consider a notice period buyout. If they agree then the terms will be what they say and you have to follow it or serve the entire notice period.

From India, Mumbai

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