Hi All
I have some doubs over Full and Final settlement Kindly clear
1if company does cost cut less say 10% per month continuously and if an employee leaves the organization can we give cost cut in Fand F
2 notice period deduction is calculated on gross or basic
From India, Hyderabad
I have some doubs over Full and Final settlement Kindly clear
1if company does cost cut less say 10% per month continuously and if an employee leaves the organization can we give cost cut in Fand F
2 notice period deduction is calculated on gross or basic
From India, Hyderabad
Dear Garima,
Good Afternoon!!!
1. Cost cutting is applicable on him
2. F & F is caluculated on Gross salary as if he is serving you proper notice then as per terms of appointment he deserves gross salary not basic salary or it be considered on the basis of appointment letter terms & conditions.
From India, New Delhi
67Good Afternoon!!!
1. Cost cutting is applicable on him
2. F & F is caluculated on Gross salary as if he is serving you proper notice then as per terms of appointment he deserves gross salary not basic salary or it be considered on the basis of appointment letter terms & conditions.
From India, New Delhi
Hi,
Could anybody please tell me that when an employee give his/her resignation and what if their respective manager has:
1) Accepted the resignation.
2) Not accepted the resignation.
Pleae clarify that if the resignation had not been accepted, what steps needs to be taken being an employer ?
From India, Delhi
Could anybody please tell me that when an employee give his/her resignation and what if their respective manager has:
1) Accepted the resignation.
2) Not accepted the resignation.
Pleae clarify that if the resignation had not been accepted, what steps needs to be taken being an employer ?
From India, Delhi
Dear Amit,
1. if resignation is accepted, exit formalities will be completed as per the set processes and employee wil be relieved properly.
2. if not accepted, you may not relieve the employee. although noone wait for your acceptance of resignation. if person has made his mind to quit there is no point to keep him inside the organisation, as he may affect badly.
usually prople put on paper after deciding every thing as what step they will take if org will not accept the resignation.
there are many org take people without having relieved properly from previous employer only if the person has a worth.
regards,
From India, New Delhi
1. if resignation is accepted, exit formalities will be completed as per the set processes and employee wil be relieved properly.
2. if not accepted, you may not relieve the employee. although noone wait for your acceptance of resignation. if person has made his mind to quit there is no point to keep him inside the organisation, as he may affect badly.
usually prople put on paper after deciding every thing as what step they will take if org will not accept the resignation.
there are many org take people without having relieved properly from previous employer only if the person has a worth.
regards,
From India, New Delhi
Dear Friends,
Full and Final settlement contains, leave encashment and Salary.
1) If the person serve his notice period, he will get full salary as regular, if he is having any leave balance (not encashed previously), these leaves will be encashed in full & final, leave encashment will be calculated on basic.
2) If the person is not able to serve his notice period, for example he has given only 15 days notice period, as per their company policy he has to give 30 days notice period, In this case he will get 15 days salary only, remaining 15 days will be Loss of Pay, if he gives 30 days will get full salary, leave encashment will be calculated as usual.
Note: Salary part will be calculated on Gross for Notice Period.
Thanks & Regards,
Ramesh.Varuganti
Sr.Hr.Executive
From India, Hyderabad
Full and Final settlement contains, leave encashment and Salary.
1) If the person serve his notice period, he will get full salary as regular, if he is having any leave balance (not encashed previously), these leaves will be encashed in full & final, leave encashment will be calculated on basic.
2) If the person is not able to serve his notice period, for example he has given only 15 days notice period, as per their company policy he has to give 30 days notice period, In this case he will get 15 days salary only, remaining 15 days will be Loss of Pay, if he gives 30 days will get full salary, leave encashment will be calculated as usual.
Note: Salary part will be calculated on Gross for Notice Period.
Thanks & Regards,
Ramesh.Varuganti
Sr.Hr.Executive
From India, Hyderabad
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Full n final settlement.doc