Hi,
I am working in MNC, having almost 6 years of experience. I joined my present employer on Dec 2009 and, due to personal reason, I have decided to get release from my company. My notice period was 1 month based on offer letter.
On May 2010, Company sent advisory mail stating that notice period has been revised to 3 months for all employees and the same would be effective from June, 2010.
When I resigned from my present employer after June, 2010, HR told me that 3 months of notice period are mandatory. Meanwhile, I have got release form my client and my Supervisor, and I will be on bench for rest of 2 months. Therefore, I asked my HR to release me and I will pay the compensation amount in lieu of Notice Period. My HR is stating that this decision has been taken at organization level and Organization is not accepting any buy-out in lieu of notice period.
Can Company hold employees based on such stubborn decision? Because buyable option is available based on offer letter, I would eagerly opt for the same but HR is telling that company is not ready to take the amount rather company will take the cost overrun and pay my salary.
I do not understand whether there is any way to get release from my company. They also told me that if I go and join somewhere else they will sue me stating “dual employment” even though I have already resigned from my present company. Can Company sue employee even after resignation? I have already stated my consent, then why would company hold me and jeopardize my career.
Please tell what to do?
I am working in MNC, having almost 6 years of experience. I joined my present employer on Dec 2009 and, due to personal reason, I have decided to get release from my company. My notice period was 1 month based on offer letter.
On May 2010, Company sent advisory mail stating that notice period has been revised to 3 months for all employees and the same would be effective from June, 2010.
When I resigned from my present employer after June, 2010, HR told me that 3 months of notice period are mandatory. Meanwhile, I have got release form my client and my Supervisor, and I will be on bench for rest of 2 months. Therefore, I asked my HR to release me and I will pay the compensation amount in lieu of Notice Period. My HR is stating that this decision has been taken at organization level and Organization is not accepting any buy-out in lieu of notice period.
Can Company hold employees based on such stubborn decision? Because buyable option is available based on offer letter, I would eagerly opt for the same but HR is telling that company is not ready to take the amount rather company will take the cost overrun and pay my salary.
I do not understand whether there is any way to get release from my company. They also told me that if I go and join somewhere else they will sue me stating “dual employment” even though I have already resigned from my present company. Can Company sue employee even after resignation? I have already stated my consent, then why would company hold me and jeopardize my career.
Please tell what to do?