My notice period is 3 months. However, the offer letter states that a buyout option is available. HR mentioned that the buyout option depends on the HR department's discretion, and they may not grant me a relieving. There are salary issues in the company as they are supposed to send salaries before the 20th as per the rules. Please help me.
From India, Pune
Acknowledge(0)
Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
Notice Period and Buyout Option
Unless the particular clause pertaining to notice conditions in the contract of employment is presented verbatim, no exact answer can be given. In general, the buyout option of the notice period would be subject to the discretion of the employer only. However, many employers misuse this discretion to discourage the resignation of efficient employees. Some outgoing employees, on their part, treat the buyout option as if it is their right and fail to get sufficient joining time from prospective employers when they switch jobs.
The poster may approach the CEO, politely explain the circumstances under which they are compelled to exercise the option of buyout, and get their nod for early and peaceful relieving.
From India, Salem
Acknowledge(0)Amend(0)
6108Unless the particular clause pertaining to notice conditions in the contract of employment is presented verbatim, no exact answer can be given. In general, the buyout option of the notice period would be subject to the discretion of the employer only. However, many employers misuse this discretion to discourage the resignation of efficient employees. Some outgoing employees, on their part, treat the buyout option as if it is their right and fail to get sufficient joining time from prospective employers when they switch jobs.
The poster may approach the CEO, politely explain the circumstances under which they are compelled to exercise the option of buyout, and get their nod for early and peaceful relieving.
From India, Salem
Acknowledge(0)Amend(0)
Hello sir,
Yesterday, my Head of HR agreed to a buyout. The Account Head provided me with the bank account details of the company, and yesterday I credited this account via NEFT. Subsequently, the Assistant HR called me and informed me that I will not be continuing from tomorrow due to pending discussions with my department head. I require the relieving letter promptly as I am planning to join a new company. What steps should I take?
I hope this helps. Let me know if you need any further assistance.
From India, Pune
Acknowledge(0)Amend(0)
Yesterday, my Head of HR agreed to a buyout. The Account Head provided me with the bank account details of the company, and yesterday I credited this account via NEFT. Subsequently, the Assistant HR called me and informed me that I will not be continuing from tomorrow due to pending discussions with my department head. I require the relieving letter promptly as I am planning to join a new company. What steps should I take?
I hope this helps. Let me know if you need any further assistance.
From India, Pune
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.
Notice period.jpg
Notice Period Extension Letter Format.doc