What is Notice-Period and what is its purpose?
1. Notice period is a time-period that begins from the date of your resignation to the scheduled date of your relieving from your current role.
2. Purpose of the notice period is
a. To ensure appropriate handover of your job responsibilities, equipment and knowledge transfer,
b. Gives you time to complete your tasks in hand and therefore fulfill your commitment towards the company and test your ethics and integrity,
c. to have sufficient time to identify, hire and train your successor
3. Notice period varies from 15-days to 180-days. For some roles, the notice period can be for ONE Year. Length of Notice Period varies from role-to-role.
4. Duration of notice period is not decided at the time of resignation. Length of your Notice Period is decided at the time of joining and it is mentioned in your Contract of Employment.
5. Notice Period can be served in time. It can also be adjusted by making payments in-lieu of notice-period. It can also be negotiated. However, the final decision to negotiate or not to negotiate the notice period is entrusted upon the company. Factors that affect the decision of the company are: your role in the company, availability of your successor, and your involvement in current projects or assignments.
To read more you can visit at: Dynamics of Human Resource Management: Employee Separation – Notice Period
From India, Mumbai
941. Notice period is a time-period that begins from the date of your resignation to the scheduled date of your relieving from your current role.
2. Purpose of the notice period is
a. To ensure appropriate handover of your job responsibilities, equipment and knowledge transfer,
b. Gives you time to complete your tasks in hand and therefore fulfill your commitment towards the company and test your ethics and integrity,
c. to have sufficient time to identify, hire and train your successor
3. Notice period varies from 15-days to 180-days. For some roles, the notice period can be for ONE Year. Length of Notice Period varies from role-to-role.
4. Duration of notice period is not decided at the time of resignation. Length of your Notice Period is decided at the time of joining and it is mentioned in your Contract of Employment.
5. Notice Period can be served in time. It can also be adjusted by making payments in-lieu of notice-period. It can also be negotiated. However, the final decision to negotiate or not to negotiate the notice period is entrusted upon the company. Factors that affect the decision of the company are: your role in the company, availability of your successor, and your involvement in current projects or assignments.
To read more you can visit at: Dynamics of Human Resource Management: Employee Separation – Notice Period
From India, Mumbai
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Notice of Employee Change.doc