Hi there,
I just wanted to inquire about whether a person who leaves the organization without serving the notice period is eligible for the full and final settlement or not. Could anyone suggest how they can obtain their relieving/experience letter?
Thank you,
Raghav
From India, New Delhi
Acknowledge(0)
Amend(0)
I just wanted to inquire about whether a person who leaves the organization without serving the notice period is eligible for the full and final settlement or not. Could anyone suggest how they can obtain their relieving/experience letter?
Thank you,
Raghav
From India, New Delhi
Acknowledge(0)Amend(0)
he/she is elligible for the full and final settlement but deduct notice period recoverable amount from that, acc to your company policy (whether 2 months / 3 months of notice period)
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Hi,
An employee is eligible for Full and Final (F&F) settlement. What an organization can do is deduct the notice period amount and pay the balance to the employee. If the company needs to recover the amount, the same should be communicated to the employee, and the settlement can proceed.
F&F settlement should be completed as it will also be beneficial during audits.
Regards,
Jyoti
From Finland, Nokia
Acknowledge(0)Amend(0)
An employee is eligible for Full and Final (F&F) settlement. What an organization can do is deduct the notice period amount and pay the balance to the employee. If the company needs to recover the amount, the same should be communicated to the employee, and the settlement can proceed.
F&F settlement should be completed as it will also be beneficial during audits.
Regards,
Jyoti
From Finland, Nokia
Acknowledge(0)Amend(0)
Employee is eligible for F&F settlement, employer can deduct the notice period amount AS PER APPOINTMENT LETTER and pay/recover the balance amount to the employee.
From India, Ahmadabad
Acknowledge(0)Amend(0)
25From India, Ahmadabad
Acknowledge(0)Amend(0)
It depends upon the company policy. For example, if an employee has worked from 1st April to 30th April, and on 1st May, he comes and says, "I have this reason, and I am leaving this organization," then you need to check his appointment letter to see how much notice period he requires to serve. For instance, if it's 15 days, then you can process his Full and Final settlement by paying him 15 days' salary. Usually, an employee receives their Full and Final settlement after 45 days of their relieving, though this timeline can vary from company to company.
Regards,
Tannu Bhatia
HRD
From India, Delhi
Acknowledge(0)Amend(0)
Regards,
Tannu Bhatia
HRD
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Full n final settlement.doc