What to Do After Resignation: Employed people resign from the company to change their job. After this, they have to serve the notice period of the existing company. There is a condition of serving the notice period in all companies. But its rules differ in different companies. Employees can also quit the job without completing the notice period. But for this, they have to fulfill some conditions. Understand why serving a notice period is necessary and why it is important to an employee.
What does the policy and terms say?
If an employee does not follow the rules of the notice period then he suffers a financial loss. When an employee joins a company, many documents are signed during that time. In this, the conditions of working with the company are written.
It mentions the terms and conditions of the company regarding the notice period. That is, what will be the time of your notice period? What will be the process if you do not want to serve the notice period? You will get all the information in these documents of the company.
duration of notice period
However, no rule has yet been fixed regarding the duration of the notice. All this is written in the contract of the company. Generally, the notice period for probationary employees ranges from 15 days to one month. Whereas for permanent employees i.e. employees working on payroll, it can be from one to three months.
You have to follow the contract which you signed while joining the job. No company can force an employee to complete the notice period. The terms of service of the notice period are spelled out in the contract itself.
Options for not serving the notice period
In many companies, holidays are also adjusted in lieu of the notice period. Apart from this, there is also an option of payment in lieu of the time notice period. That is, you will have to pay the company on the basis of basic pay.
In many places, it also happens that companies buy the notice period. This means that the company settles the balance amount of salary and the payment made in lieu of the notice period as full and final also known as F&F.
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