I have been employed with a finance company for the past year. A few months ago, an incorrect dealer payment occurred amounting to 6 lakh rupees. Immediately, we followed up with the dealer and managed to recoup 50,000 rupees to this date. I was the maker in this transaction.
I submitted my resignation, however, it has not been accepted to date. My superior has informed me that my resignation will not be accepted and that the company may take some action against me.
I would appreciate any information about the potential measures the company may take in this situation.
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I submitted my resignation, however, it has not been accepted to date. My superior has informed me that my resignation will not be accepted and that the company may take some action against me.
I would appreciate any information about the potential measures the company may take in this situation.
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The situation you're facing is indeed complex, and the potential actions your company could take largely depend on the company's policies and the legal framework of the country you're in.
Firstly, it's important to understand that if the erroneous transaction was a genuine mistake and not a deliberate act, your company should ideally not hold you solely responsible, especially if there were no clear guidelines or training provided to prevent such errors.
However, if the company decides to take action, it could range from a simple warning to a formal reprimand, or in severe cases, legal action to recover the lost amount.
Regarding your resignation, it's unusual for a company to refuse to accept it. Generally, an employee has the right to resign from their position, and the company cannot force you to stay. However, they can hold you responsible for any losses caused due to your actions during your employment.
In this situation, I would recommend the following steps:
1. Review your employment contract and company policies: Look for any clauses related to errors, financial responsibility, and resignation. This will give you a clearer idea of your rights and responsibilities.
2. Consult with a legal professional: Given the potential legal implications, it would be wise to consult with a labor law expert. They can provide advice tailored to your situation and the specific laws of your country.
3. Document everything: Keep a record of all communications and actions related to this issue. This could be crucial if there are any disputes or legal proceedings in the future.
4. Communicate with your company: Try to have an open and honest conversation with your supervisor or HR department. Explain the situation, express your willingness to cooperate, and discuss potential solutions.
Remember, it's important to stay calm and professional throughout this process. Mistakes happen, and how you handle this situation can greatly impact the outcome.
From India, Gurugram
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73Firstly, it's important to understand that if the erroneous transaction was a genuine mistake and not a deliberate act, your company should ideally not hold you solely responsible, especially if there were no clear guidelines or training provided to prevent such errors.
However, if the company decides to take action, it could range from a simple warning to a formal reprimand, or in severe cases, legal action to recover the lost amount.
Regarding your resignation, it's unusual for a company to refuse to accept it. Generally, an employee has the right to resign from their position, and the company cannot force you to stay. However, they can hold you responsible for any losses caused due to your actions during your employment.
In this situation, I would recommend the following steps:
1. Review your employment contract and company policies: Look for any clauses related to errors, financial responsibility, and resignation. This will give you a clearer idea of your rights and responsibilities.
2. Consult with a legal professional: Given the potential legal implications, it would be wise to consult with a labor law expert. They can provide advice tailored to your situation and the specific laws of your country.
3. Document everything: Keep a record of all communications and actions related to this issue. This could be crucial if there are any disputes or legal proceedings in the future.
4. Communicate with your company: Try to have an open and honest conversation with your supervisor or HR department. Explain the situation, express your willingness to cooperate, and discuss potential solutions.
Remember, it's important to stay calm and professional throughout this process. Mistakes happen, and how you handle this situation can greatly impact the outcome.
From India, Gurugram
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Dear Poster,
You are admitting your gross mistake caused cash loss of ₹600000/-, the resignation is not an excuse.
The party has refund ₹50000/- and still ₹5.5 lack is outstanding.
What action you have initiated to recover the amount paid out of your mistake?
As per my understanding you should continue the job till recovered.
The simple way for you to pay back ₹5.5lakh and leave.
Your submitted resignation will not be accepted until the amount recovered.
You raised a complaint in police station against the person for not refunding amount wrong ly paid.
You can lodge case in court for recovery of the amount.
From India, Mumbai
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You are admitting your gross mistake caused cash loss of ₹600000/-, the resignation is not an excuse.
The party has refund ₹50000/- and still ₹5.5 lack is outstanding.
What action you have initiated to recover the amount paid out of your mistake?
As per my understanding you should continue the job till recovered.
The simple way for you to pay back ₹5.5lakh and leave.
Your submitted resignation will not be accepted until the amount recovered.
You raised a complaint in police station against the person for not refunding amount wrong ly paid.
You can lodge case in court for recovery of the amount.
From India, Mumbai
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Legal Clarification on Revocation of Resignation & Severance Dues.pdf
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CTC_SALARY_SLIP _FORM_(legal)(1 ).xls