Dear All Concerned, Consider our company name is ABC. We started another XYZ company to market our software. We are changing employees' salary payroll from ABC company to XYZ company due to some issues in ABC bank loans. The existing employees will remain and management also same. How to mention that details in both company details in relieving letters? Is it required to provide re-appointment letters to employees with the new company name? or else can I go with relieving letter only. Please help me with this.
From India, Khammam
From India, Khammam
First of all, pl make it clear as to whether you are providing continuity in service or the service in XYZ company starts on a clean slate and there is no continuity. In case it is a total break then the employees resign from ABC Company and their full & final settlement is made, and relieved from service. Then they are appointed in XYZ Company and for all purposes it is a fresh appointment. This is possible even if the management, the physical location and service conditions remain the same. But if there is a continuity in service then an order could be issued indicating the date from which the employees are taken on the rolls of XYZ Company.
From India, Mumbai
1530From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Changing roles of HR professional.pp t