Rdsyadav
Educator, Management Consultant & Trainer

Hi,
I have given resign to my company and ready to serve 15days notice period, but due to some circumstances my resignation was accepted on immediate basis and I was assured on mail that my 15 days notice period will be payout. Now my question is that the calculation of notice period amount is calculated from net salary or basic salary. My company is calculated on basic salary. Is it right or wrong because I was ready to serve notice period they don't want me to serve. Please advice.
21st February 2017 From India, Jaipur
Dear sir,
Companies at time pay notice pay and/ or recover notice pay depending upon the dependence, relations , contributions in return we employees have maintained. Companies pay VRS pay=outs as well to their employees . However, break up of notice pay is purely an internal matter where you are working in. Difference is not so wide . and company in recognition of your performance has been paying you notice pay generously.. So accept this graceful exit and request the new employer that you are ready to join early , so join at new organization, that will be better.
Regds,
RDS Yadav
21st February 2017 From India, Delhi
I would agree with R S Yadav, the company was generous in giving you 15 days Basic pay and a smooth exit, which is more necessity than a meager difference of pay.
You can check your termination clause wherein the Notice Period buyout is 15 days Gross Salary or Basic Salary, to have an idea
22nd February 2017 From India, Ahmadabad
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™