Dear Group,
Our company is planning to initiate a notice period buyout policy for new recruits. I am not familiar with this trend. What would be the bottlenecks one could face when implementing this? Is this practice recommended for a company?
Regards,
Betzi
From Kuwait, Kuwait
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Our company is planning to initiate a notice period buyout policy for new recruits. I am not familiar with this trend. What would be the bottlenecks one could face when implementing this? Is this practice recommended for a company?
Regards,
Betzi
From Kuwait, Kuwait
Acknowledge(0)Amend(0)
Hi Betzi,
The only challenge in implementing a buyout as a policy rather than an option is that when an employee resigns, he/she would demand the buyout on the exit date instead of requesting it. This could lead to a lot of discord. I would suggest that you consider having notice period buyout as an option rather than making it a strict policy.
Thank you.
From India, Bangalore
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482The only challenge in implementing a buyout as a policy rather than an option is that when an employee resigns, he/she would demand the buyout on the exit date instead of requesting it. This could lead to a lot of discord. I would suggest that you consider having notice period buyout as an option rather than making it a strict policy.
Thank you.
From India, Bangalore
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