I have recently joined a company a month ago (during that month, I took a week of leave). I have now resigned from the company due to family commitments. Do I need to serve a notice period of three months? I am willing to pay the buy-out amount to secure an early release. However, if the company does not agree to a buy-out, what should I do?
From India, Chennai
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From India, Chennai
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Employment Rules and Notice Period
After formally getting employed in an organization, one must strictly abide by the rules and regulations of employment in force within the organization. The personal inconveniences of any individual employee do not matter. The employer can refuse to accept the buyout option of the notice period by the exiting employee, in full or part, on the grounds of work exigencies.
From India, Salem
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6108After formally getting employed in an organization, one must strictly abide by the rules and regulations of employment in force within the organization. The personal inconveniences of any individual employee do not matter. The employer can refuse to accept the buyout option of the notice period by the exiting employee, in full or part, on the grounds of work exigencies.
From India, Salem
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Termination Clause in Employment Contracts
Usually, in most service conditions (appointment letters), it is mentioned that the termination clause allows either party to terminate (by the employer) or resign from the job after serving the notice period or paying in lieu of the same. This clause is applicable to both the employer and the employee. As no one is a bonded laborer as of the current date, the employee may choose not to serve the notice period and instead pay the notice period amount.
Regards, S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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Usually, in most service conditions (appointment letters), it is mentioned that the termination clause allows either party to terminate (by the employer) or resign from the job after serving the notice period or paying in lieu of the same. This clause is applicable to both the employer and the employee. As no one is a bonded laborer as of the current date, the employee may choose not to serve the notice period and instead pay the notice period amount.
Regards, S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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Withdrawl of Resignation and Notice period.doc
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