Dear there is no law as such.it is you to make policy on this ,basically it is give and take if you remove some one how much you will pay at the same movement when some one goes and want to pay notice pay you deduct accordingly. tks j s malik

Hi AllIf somebody's services are being terminated by the Company and as per the terms and conditions of the Appointment Letter there is notice period of three months. In the lieu of this notice pay Company should pay three months salary to the employee. Now i wo...

Dear All,Pl. confirm one month notice pay stands for one month gross salary or basic salary, say if an employee resigns without assigning any notice period he has to pay one basic or gross in lieu of notice period.in case when company terminates the job what com...

Dear Seniors,One of my friend has resigned from his services without serving the notice period but he informed all the seniors and managers before leaving. He left on the same day he resigned.Now he has already worked for 24 days before giving resignation. As th...

Dear follow the term and condition as mention the appointment letter, which issued to employees, accordingly proceed.

I want to leave my organisation and I cant serve 2 months notice period.It is not practical to serve 2 months notice period.If i buyout my notice period, How much would i have to pay???(Will that be equal to my monthly gross salary*2) or (the amount that gets cr...

HiI left an MNC a week back where I served only 5 days instead of a 30 day notice period as my mom was sick and had to visit Delhi.Now they are asking me to payback the recovery amount. Is there anyway i can avoid it? I didn\'t sign in on any stamp paper that st...

Hi,Am facing a strange turn in my career and require your help ASAP.In the present organisation that am working, the notice period in case of seperation is 3 months on either side, post 3 months of probationary period.I have been in the organisation for 10 month...

I would agree with R S Yadav, the company was generous in giving you 15 days Basic pay and a smooth exit, which is more necessity than a meager difference of pay.You can check your termination clause wherein the Notice Period buyout is 15 days Gross Salary or Ba...

Hi all,I work with HSBC Ahmedabad since 05 October 2005 and I am writing this e-mail to you to highlight the problems that I have had after having decided to tender my resignation from the services of HSBC and highlight the manner in which a staff is being dealt...