Respected all,
I was working as an English Trainer with BSL.
But now, I am quitting my job. I have provided them with 1 month notice as per the conditions of my contract.
The reason for my resign is that the company does not pay remuneration on time. For the 3 constant months i worked here, I did not get paid on time, I had to call the HR after the due date and she would say that she is not in charge of paying employees. Usually, the employees receive it after 22nd of the next month.
I am worried that they will procrastinate likewise when it will come to my Full and final settlement.
I want to be aware of the rules regarding full and final settlement. Though I did list it in my resign letter that my account should be full and finally settled on my relieving day.
Please tell me how long can a company procrastinate an employee’s final dues.
Are there any rules that can save me from the same?
Please help . I will be more than thankful.
From India, Delhi
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I was working as an English Trainer with BSL.
But now, I am quitting my job. I have provided them with 1 month notice as per the conditions of my contract.
The reason for my resign is that the company does not pay remuneration on time. For the 3 constant months i worked here, I did not get paid on time, I had to call the HR after the due date and she would say that she is not in charge of paying employees. Usually, the employees receive it after 22nd of the next month.
I am worried that they will procrastinate likewise when it will come to my Full and final settlement.
I want to be aware of the rules regarding full and final settlement. Though I did list it in my resign letter that my account should be full and finally settled on my relieving day.
Please tell me how long can a company procrastinate an employee’s final dues.
Are there any rules that can save me from the same?
Please help . I will be more than thankful.
From India, Delhi
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Hi,
There is no law or rule specifying the time period for full and final settlement. However, the general protocol is that organizations usually pay the full and final settlement on the relieving day or within a reasonable time, such as a month.
With Regards,
Mr. Thumbs Up
From India, Chennai
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105There is no law or rule specifying the time period for full and final settlement. However, the general protocol is that organizations usually pay the full and final settlement on the relieving day or within a reasonable time, such as a month.
With Regards,
Mr. Thumbs Up
From India, Chennai
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Full n final settlement.doc
Full & Final Payment.xls