Re: Notice Period Xls Download

Calculated on Prodata Basis,,,,

Hi Everyone,
I have a question regarding the notice period clause in a contract of employment. If the contract stipulates that an employee must give 1 month notice to resign from the job or pay 1 month's salary in lieu of notice, is 1 month treated as date to date from Date of Resignation. Also, if the employee does not work the full notice period how calculate salary and the money owed to company.
For example, the date of resignation is May 21st. Is notice period May 21st to June 21st ? If the employee only works till June 7th and his salary is 20,000 does the employee owe the company 10,000 rupees.
Thanking you,
Suchitra.N

Dear Suchitra,
If according to the appointment terms Notice period is of one month.. Then one has to serve the notice period of same period..
If the employee remains absent after a certain time of serving the notice period.. then his notice period will be assumed of only those present days..
Otherwise the same will be deducted from his available Leave balance...
It means if one gives notice on 21st may that he will be separating after completing one month of notice period i.e on 21st June..
But comes there till 10th June only.. then only 20 days of notice wil be served or it might be deducted in the form of his available leave balance..
Regards,
Amit Seth.

Hi,
As per the emp. contract the employee should pay you 15 Days Salary back or you can hold the 15 Days pay for which he has worked.
And if the employee has not handovered what is expected from him then you can ask him to give explanation for not participating in smooth transistion, still he acts funny, you can stop proceeding with Relieving formalities.
regards
Vamsee

pay in lieu of notice period varies from employee to employer:
if an employer does it, he compenstes on gross salary
if an employee has to give, then it is purely basic ...
surya

notice period means he should present 30 days. Aagar woo 20 days present rehate hai too oskaa 10days kaa notice period salary se kat jaayega ishkee calculation
basic/30* absent during notice period

Dear Suchitra,
You're right.
Please refer to the excel file attached to justify your calculation.
-binzy

Thanks a lot for taking the time to explain it in such detail. Now I feel more confident about the decision I made. If you have read the other responses you will notice that a couple of people are saying that when an employee has to pay, Basic salary is used not Gross salary. What is your response to that?
Suchitra

Using Basic salary when an employee has to pay and Gross salary when the employer has to pay. What is the logic behind that? Does this have any legal basis?
Suchitra

Dear Suchitra,
I guess , it's calculated on the gross salary whoever has to make the payment(employer/employee)...
As far as I know it's only the EL encashment of the employee it's calculated from the basic salary.
Lets also wait for other members to comment on this.
- binzy