Full & Final Settlement [Thread 571491]

Mrityunjayskt
If any workmen worked in a organization for 169 days then which benefit we have to added for his Full & Final Settlement & what will be the calculation?
HR LIVE
If any workmen worked for 169 days only, he is eligible for leave and bonus only. Also, if you had issued any appointment letter you have to pay as mentioned terms & conditions of your company.
Apex Management
Dear Mrityanjyu, You have not mentioned whether he has resigned or being retrenched. In case of resignation, whether appointed with appointment letter or mutual understanding, he is entitled for Earned Wage, Earned Leave and Bonus only but in case being retrenched, he is entitled for notice / notice pay and retrenchment compensation.
P K Sharma
Debnath Mitra
Dear Apex Management
This is to inform that retrenchment compensation is only given to the employee who's name is borne on the master roll and he have to render 240 days working.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute