I would like to understand the Full and Final Settlement Procedure of an employee in the following cases
1) Misconduct / Disciplinary Issues
2) Termination on the basis of Non Performance
How many days the company take to complete the FNF process in both the cases and can we hold back the FNF for an individual?
From India, Mumbai
1) Misconduct / Disciplinary Issues
2) Termination on the basis of Non Performance
How many days the company take to complete the FNF process in both the cases and can we hold back the FNF for an individual?
From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Hi Kunal,
Full and Final settlement of the employee cannot be hold back by the employer even if the reason for separation is misconduct/disciplinary issues /non performance. However if the nature of misconduct is something related to financial loss incurred to the company or misappropriation of funds or any loss made to the company in such cases employer has the right to hold settlement and conduct legal proceedings like suspension followed by domestic enquiry.
From India, Madras
598Full and Final settlement of the employee cannot be hold back by the employer even if the reason for separation is misconduct/disciplinary issues /non performance. However if the nature of misconduct is something related to financial loss incurred to the company or misappropriation of funds or any loss made to the company in such cases employer has the right to hold settlement and conduct legal proceedings like suspension followed by domestic enquiry.
From India, Madras
Thank you for your revert.. In case of Termination on performance basis do we need to clear the Full and final settlement on priority basis or it should also fall as per the policy of 30 - 45 days??
From India, Mumbai
From India, Mumbai
Full n final settlement.doc