Hi Hiral,
Considering all the suggested above, I came up with an option of Band Base Notice Period and have grouped all the employees in two different bands, where in Band-1: falls all leadership and Senior people and Band -2: Executives and Junior level employees and have received a positive response from all the sides.
Thanks for being all the way of issue. I appreciate all of your in the issue.
Thanks one and all.
.

From India, Bangalore
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