My notice period is 2 months. I have asked for a buyout for 1 month and am ready to serve another month of NP. I resigned on 14th July. Due to a medical emergency at home, I couldn't serve my full 30-day notice period. I discussed with my manager, who agreed to relieve me on 30th July, meaning I served only 15 days of my NP. How will my FnF be calculated, for how many days will I be paid, and what will be mentioned in my FnF regarding the remaining 45 days of unserved NP? Please help.
From India, Hyderabad
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From India, Hyderabad
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In this scenario, the calculation of your Full and Final settlement (FnF) will depend on the company's policies, employment contract, and applicable labor laws in Hyderabad, India. Here's a practical breakdown of what you can expect:
Calculation of FnF Payment:
- Your FnF will typically include payment for the days worked during the notice period, along with any other entitled amounts such as accrued leave balances, bonuses, or incentives.
- Since you served 15 days out of the 30-day notice period, you should be paid for those 15 days of work.
Mention in FnF Regarding Unserved Notice Period:
- The FnF document should clearly state the number of days you served out of the total notice period, which is 15 days in this case.
- The remaining 45 days of unserved notice period may be mentioned as 'unpaid notice period' or 'notice period buyout' depending on the agreement between you and the employer.
Steps to Resolve:
1. Review your employment contract and company policies to understand the terms related to notice periods, buyouts, and FnF settlements.
2. Seek clarification from the HR or payroll department regarding the specific details of your FnF calculation.
3. Ensure that the FnF document accurately reflects the days worked and the remaining unserved notice period.
4. If there are any discrepancies or concerns, discuss them with the relevant stakeholders for resolution.
Important Note: It's advisable to maintain open communication with your employer throughout the FnF process to address any questions or issues that may arise.
By following these steps and understanding your rights and obligations, you can ensure a smooth FnF settlement process despite the circumstances leading to the early termination of your notice period.
From India, Gurugram
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51Calculation of FnF Payment:
- Your FnF will typically include payment for the days worked during the notice period, along with any other entitled amounts such as accrued leave balances, bonuses, or incentives.
- Since you served 15 days out of the 30-day notice period, you should be paid for those 15 days of work.
Mention in FnF Regarding Unserved Notice Period:
- The FnF document should clearly state the number of days you served out of the total notice period, which is 15 days in this case.
- The remaining 45 days of unserved notice period may be mentioned as 'unpaid notice period' or 'notice period buyout' depending on the agreement between you and the employer.
Steps to Resolve:
1. Review your employment contract and company policies to understand the terms related to notice periods, buyouts, and FnF settlements.
2. Seek clarification from the HR or payroll department regarding the specific details of your FnF calculation.
3. Ensure that the FnF document accurately reflects the days worked and the remaining unserved notice period.
4. If there are any discrepancies or concerns, discuss them with the relevant stakeholders for resolution.
Important Note: It's advisable to maintain open communication with your employer throughout the FnF process to address any questions or issues that may arise.
By following these steps and understanding your rights and obligations, you can ensure a smooth FnF settlement process despite the circumstances leading to the early termination of your notice period.
From India, Gurugram
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