Dear Colleagues Could you please assist with a sample letter notifying an employee that his offer for voluntary retrenchment has been accepted.
From Zimbabwe,
Acknowledge(0)
Amend(0)
From Zimbabwe,
Acknowledge(0)Amend(0)
Well, gentlemen, before raising a query, you could have at least done some amount of Google search or searched this forum to update yourself about the concept of "retrenchment." Learned members of this forum like Mr. Umakanthan, Mr. B. Saikumar, Mr. Nathrao, etc., have given their replies on this subject many times. There is nothing like "voluntary retrenchment." To improve your knowledge on retrenchment, you may check the following link: http://www.legalservicesindia.com/ar...947-773-1.html.
My reply is based on the assumption that you are from India. If not, then you may have to follow the labor laws of your country.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(1)
Amend(0)
8071My reply is based on the assumption that you are from India. If not, then you may have to follow the labor laws of your country.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(1)Amend(0)
Dear Steogeb,
Voluntary Retrenchment - Voluntary Retrenchment Scheme is designed differently according to the organizations. Based on the scheme, a letter will be drafted and issued to the retrenched employee. Evaluate the scheme's terms and conditions for retrenchment before drafting the final letter to issue to the employee.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Voluntary Retrenchment - Voluntary Retrenchment Scheme is designed differently according to the organizations. Based on the scheme, a letter will be drafted and issued to the retrenched employee. Evaluate the scheme's terms and conditions for retrenchment before drafting the final letter to issue to the employee.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Dear Stephen,
There is no concept of 'voluntary retrenchment' recognized under the law, as rightly said by Mr. Dinesh. Probably you must be referring to voluntary retirement. If so, this will be a scheme to be framed by the employer offering some compensation to the employees willing to opt for the scheme. You cannot compel employees to opt for the scheme, as the very name of the scheme suggests that it is voluntary.
B. Saikumar
From India, Mumbai
Acknowledge(1)Amend(0)
There is no concept of 'voluntary retrenchment' recognized under the law, as rightly said by Mr. Dinesh. Probably you must be referring to voluntary retirement. If so, this will be a scheme to be framed by the employer offering some compensation to the employees willing to opt for the scheme. You cannot compel employees to opt for the scheme, as the very name of the scheme suggests that it is voluntary.
B. Saikumar
From India, Mumbai
Acknowledge(1)Amend(0)
Retrenchment is initiated by employers (if employees are found surplus owing to various reasons), whereas Voluntary Retirement is initiated by the employees (at least on records!). You have mixed both and created a new term, something like Suicide Murder!
Best wishes
From India, Bengaluru
Acknowledge(0)Amend(0)
Best wishes
From India, Bengaluru
Acknowledge(0)Amend(0)
Dear Stephen,
There is a difference between voluntary retirement and voluntary retrenchment. In my opinion, there is no such thing as voluntary retrenchment. The retrenchment procedure is outlined in the Factory Act and must follow specific steps. The voluntary clause does not provide any provisions for retrenchment.
Thank you.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
There is a difference between voluntary retirement and voluntary retrenchment. In my opinion, there is no such thing as voluntary retrenchment. The retrenchment procedure is outlined in the Factory Act and must follow specific steps. The voluntary clause does not provide any provisions for retrenchment.
Thank you.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Retrenchment is through a legal process as detailed in the I.D. Act - refer to chapter VA & VB. If you are referring to Voluntary Retirement, also known as Voluntary Separation, it is a scheme designed by the company either on their own or in consultation with the union if a union exists. Both are for shedding surplus manpower or right-sizing the organization's workforce.
bgramesh, Hosur
From India, Vellore
Acknowledge(0)Amend(0)
bgramesh, Hosur
From India, Vellore
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.
Voluntary Retirement Scheme.pdf
Voluntary Retirement.docx