Dear Seniors,
We have to ask one of our old employee to take early retirement, as he is pretty old and working in the technical department.
I would like to know what benefits we have to give him if he gets agree to take early retirement.

Many thanks in advance.
Best Regards
Arshad Rahmani
Manager Administration
7th July 2017 From India, Gurgaon
Best Regards
Arshad Rahmani
Asst. Manager HR & Admin

Dear Arshad,

What is the designation of that person? How many years has he worked in the company? Though he works in technical department, can you utilise his services for training the young employees?

Just because someone is old, you cannot tell that person to quit. However, you can retire that person provided his performance is not up to the mark or he is unable to learn the skill set that is required for the job. For example, many old employees in the public sector cannot operate computers with the required speed. They are too slow in their work. Such employees are either placed in some other department or told to quit the company.

As far as remuneration is concerned, he would be eligible for gratuity. However, it is up to your company to give the severance pay. For how many months it could be that we the outsiders cannot assess.

Thanks,

Dinesh Divekar
7th July 2017 From India, Bangalore
Dinesh Divekar
Business Mentor, Consultant & Trainer
Bengaluru - 560092 (India)
dineshdivekar(at)yahoo(dot)com - +91-99001-55394
Beware of the false knowledge, it is more dangerous than ignorance.
Dear Arshad.

I agree with Mr.Dinesh's view points. In case the organization is on complete automation / change orientation process and the capabilities of certain aged employees are not meeting the required parameters then better to plan for a VRS process which shall be beneficiary for both the employee & employer, failing which a wrong message will go in to the market and Organization will be seen as non ethical & with inhuman practices.

Now the company might have grown leafs and bounds but these are the people who have put their heart & soul for the development of the company hence they are to be treated with utmost respect. As suggested by Mr.Dinesh better to entrust them the responsibility of trainer / mentor etc or else relieve them with good package.

Thanks
Kameswarao
8th July 2017 From India, Hyderabad
Dear Rahmaa, you have not mentioned about the Retirement age applicable to the Employee in question.What do you mean by "He is Pretty Old" inspite of Holding the Position of "Manager-Administration" you are addressing an Employee who has served your organization as pretty old which does not go well.This reflects your mindset.Have you not heard"Senior Citizen"
8th July 2017 From India, New Delhi
Please refer the standing orders of your company and possibly provide the severance pay benefit.
9th July 2017 From India, Hyderabad
1. What is the age of retirement in your Company? Has the employee concerned has crossed that age limit?

2. If he has not crossed that age limit, pay him full salary ( you can negotiate for half salary also) & gratuity for the balance period and ask him to leave respectfully. Give him a farewell party also.

3. If he has crossed that limit then give him all benefits and one month salary and ask him to leave. All these should be done respectfully.

4. Before taking any such action, please speak to him & discuss the matter.

With warm Regards

Bharat Gera
10th July 2017 From India, Thane
Most early retirement offers include a severance package that is based on on the annual salary and years of service at the company. Some early retirement offers include employer-sponsored life insurance.
11th July 2017 From India, Bengaluru
Dear Arshad Rahmani, For early retirement, above inputs are great. Apart from that, i suggest you give employment to his child.
14th July 2017 From India, Bellary
Raja Vallampati,
HR Generalist,
 

Discuss problems openly with your peers around the world without getting into company specifics. Access to years of such problem discussion data and business material is at your finger tips. All resources created by our members are available to everyone at no cost.


Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.


About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network





X