Insolvency N Gst Professional

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
My appointment letter says any shortfall in notice period can be adjusted in lieu of payment however new policy on notice period says notice period cant be waived off.does that mean notice period can not be bought out
From India, Bengaluru
""notice period cant be waived off.does that mean notice period can not be bought out""
The amendment makes it clear that you have to serve notice period and cannot buy it out.
Have they spoken or consulted with employees whose original terms and conditions permit buyout of notice period.
You can put your POV to management in nice and polite manner.

From India, Pune
My appoint letter say that employment can be terminated by either side by one month notice or payment in lieu .However my company revised the terms last has revised it to 2 months and says waiver of notice period is not possible.Does that mean i cannot buyout any shortfall in notice period
From India, Bengaluru
The information provided is not sufficient to suggest on this matter. In general, the management reserves the right to waive off the notice period when an employee submits resignation. Alternatively, employee may also approach the management amicably in the event of his inability to serve the notice period as per the policy or what is mentioned in the appointment order. It is all about how honestly one projects his case to arrive at win-win situation.
S Rangarajan

From India, Pondicherry
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™