Business Mentor, Consultant And Trainer
Vp - Quikchex Hr And Payroll Software And
On reading your post, it appears that you are confused because you have clubbed unrelated issues to the separation from the company. Please unlink the following issues from your resignation:
a) Quality of your work
b) Attrition rate in your company
c) Quantum of incentive or non-payment of incentive
Employer-employee relationship hinges on the terms and conditions of employment that employer designs. When you had joined the company, the terms and conditions were different. In the recent past, these were changed and you were communicated this change (increase in the notice period). You have accepted this change. Therefore, there is no room for blaming the employer at this stage.
Now you have four options. These are as below:
First one is to pay for the notice period. You say that your financial conditions do not allow this option.
The second option is to bargain with the future company to extend the date of joining. Use your negotiations skills for this. In this option, you will be able to reduce your notice period pay.
The third option is to approach the future company and tell them to provide the "joining bonus". This joining bonus is nothing but amount equivalent to the payment of notice period. This may sound impossible but then when employers are in dire need to some person with very specialised skill set, they resort to this type of payment. These things happen in IT industry, Hotel industry etc. I do not know what type of your industry is.
The last option is to forego the job opportunity at hand and wait for the fresh one. Next time when you get any job opportunity, tell them clearly about your notice period requirement.
Which option to follow that choice is yours. Nevertheless, it is important for you to have smooth exit from the company. After spending more than five years, it is not worthwhile to have separation by creating bad blood. It is not just separation but then what you need is proper relieving letter. Gentleman, please note that Indian employers will have always whip hand. To some extent they will try to arm-twist the employees. Accept this as fait accompli and move on!
All the best!
30th January 2016 From India, Bangalore
30th January 2016 From India, Bengaluru
Employment Bonds - Do they really work? | Bond Contracts
1st February 2016 From India, Mumbai
3rd February 2016 From India, Bengaluru
-> What ever notice is agreed upon, do your 100% in terms of a seamless handover
-> Speak to your future employer and ask them whether it would suffice (by giving explaining the situation) them a resignation letter copy in the absence of relieving letter or resignation letter not acknowledged copy
-> Finally i feel in the court of law, though a company can take legal action if it wishes to, the favour mostly lies in the employee's benefit..
trust the above helps
3rd February 2016 From India, Mumbai