Dear Industrial Power,
As Mr. Rajkumar suggested, try to find out the cause for such sudden exits. In my opinion, this generally happens when the employee is not relieved from service even if he is willing to pay for the balance notice period.
When employees join, they read the terms and conditions of employment and take up employment. But when it comes to leaving, they do not express their contractual obligation to the prospective employer and disregard the notice period to the current employer. This trend is rampant in the industry and can be curbed only if employers insist on proper relieving letters from the past employer.
In some instances, employees abscond from employment without proper handover, resulting in utter chaos.
I presume that by deposition of salary, you mean pay equivalent to the notice period.
You will be required to remit the PF contribution up to his period of service with your company. You cannot withhold it.
One way of minimizing this problem is HR must talk to the department head of the respective department, seek a plan of action for relieving the employee, and then recommend appropriate action to the management.
This will build trust with the employees.
Regards,
M.V. KANNAN