WHAT IS THE DIFFERENCE BETWEEN COMPENSATION PAID TO AN EMPLOYEE ON
RESIGNATION AND LAY-OFF.
"WE ARE PAYING THE FOLLOWING FULL AND FINAL PAYMENT TO OUR
SUPERVISOR ON HIS RESIGNATION.PL.CHECK AND CONFIRM."
YEAR OF SERVICE-21YRS
GRATUITY-Gratuity = Monthly Salary(BASIC) x 15 days x No. of yrs. of service
26
NOTICE SALARY = 1*BASIC SALARY
LEAVE SALARY = 1*BASIC SALARY(30 UNUSED LEAVES)
BONUS = FOR PENDING MONTHS BASIC SALARY.
TO OUR KNOWLEDGE RETRENCHMENT(EQUAL TO GRATUITY AMOUNT) IS NOT APPLICABLE AS RETRENCHMENT IS PAYABLE ONLY INCASE OF
LAY-OFF OR TERMINATION.
PL.ADVICE
RESIGNATION AND LAY-OFF.
"WE ARE PAYING THE FOLLOWING FULL AND FINAL PAYMENT TO OUR
SUPERVISOR ON HIS RESIGNATION.PL.CHECK AND CONFIRM."
YEAR OF SERVICE-21YRS
GRATUITY-Gratuity = Monthly Salary(BASIC) x 15 days x No. of yrs. of service
26
NOTICE SALARY = 1*BASIC SALARY
LEAVE SALARY = 1*BASIC SALARY(30 UNUSED LEAVES)
BONUS = FOR PENDING MONTHS BASIC SALARY.
TO OUR KNOWLEDGE RETRENCHMENT(EQUAL TO GRATUITY AMOUNT) IS NOT APPLICABLE AS RETRENCHMENT IS PAYABLE ONLY INCASE OF
LAY-OFF OR TERMINATION.
PL.ADVICE