The full and final settlement of employees typically includes clearing dues like unpaid salary, leave encashment, gratuity (if applicable), bonus, and any other reimbursements. It is processed after an employee resigns or is terminated, and the timeline for this can vary but is usually within 30days. It also involves ensuring all company property is returned and any loans or advances
From India, Karimnagar
23From India, Karimnagar
If any employee mutually signed any confidential and service agreement for will not left the organisation next 2 years and deposite some of amount cheque in favour of company, but after few days/month he/she left the job without completing exit formalities. i. e.-Notice Period, Assets Handover and also breach the agreement.
Please suggest in this case how can be recover his/her pending dues?
From India, Khopoli
Please suggest in this case how can be recover his/her pending dues?
From India, Khopoli
The query is not clear as to whether opinion is sought on behalf of the employee or management. Assuming it to be management, first step is to block all and any payment due to the employee. Secondly tabulate all the claims against the employee. Understand that as regards the amount for the unexpired period of service agreement, only proportionate amount vis a vis the whole period is to be reckoned. After tabulating recovery and payments due, send a recovery notice, thereafter you can seek the help of a local lawyer and initiate recovery proceedings in the local civil court.
From India, Mumbai
From 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.
Nine resolutions to make you richer.pdf
MAKE IT A GREAT DAY!!.ppt