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meanimg of Notice Period and Salary during such period.

debmim - Member Since: Nov 2010
Subject - meanimg of Notice Period and Salary during such period.
Dear all,
Can you please explain me the meaning of notice period and from which date it commences. Suppose my notice period is for 1 month and I submit the resignation letter on 01.06.2011. When will it start and get over? Moreover what should be the amount of money that i should receive during notice period? Is it the full salary or just the basic pay?
advocate_sroy - Member Since: Nov 2009
Subject - Re: meanimg of Notice Period and Salary during such period.
Hi debmin... You are entitled to your full salary during notice pay period. A notice period is an effective way by which the employer and the employee can part ways through better management of current scope of work. YIn the current case your notice period shall start w.e.f 01.06.2011 and should end at the end of business hours 30.06.2011. Hope your query was answered.

RoyS
felixadvocates - Member Since: May 2011
Subject - Re: meanimg of Notice Period and Salary during such period.
Dear Advocate_sroy,

I would like to know , whether full salary means gross salary .

Awaiting your reply

Thank You
boss2966 Contributing Member - Member Since: Jun 2011
Subject - Re: meanimg of Notice Period and Salary during such period.
Dear Mr. Felix

During the resignation time, as explained by Mr. Roy S, the resigned person will get his complete emoluments as per the service agreement. For resignation Cases the company need not to pay anything to the resigned person, but he will be paid with the month's salary and leave pay or earned / previlege leave encashment will be paid. Even Food Allowance, Conveyance allowance, HRA whatever his eligibility are also to be paid for the period he has served.

With warm regards

S. Bhaskar
felixadvocates - Member Since: May 2011
Subject - Re: meanimg of Notice Period and Salary during such period.
Dear Mr.Bhaskar,

I was wondering whether the company would be willing to pay incentives earned during the notice period.

As per the terms of service, cases may vary.

But normally, with respect to incentives, it stand as a big question mark.
boss2966 Contributing Member - Member Since: Jun 2011
Subject - Re: meanimg of Notice Period and Salary during such period.
Dear Mr. Felix

Thanks for your valuable comments

There are three things to be noted

(i) Willing to Pay; (ii) Able to Pay; (iii) Eligibility to get paid

If a person is eligible to get paid by the company then there is no such willing to pay or ability to pay will matter. As that is a company, there will not be any personal feeling involved with biased mentality.

Actually the Performance will be linked while paying the incentives. For Fixing the Future Incentives past performance will be taken into consideration and while declaration of the Incentives if the staff exists in the company then only it will be considered for evaluation of his performance. If the incentive is not linked with performance then it should invariably be paid by the company or organisation to all the employees even those who left the services.

 


Topic Categories >> 1 ° leave encashment ° Location-kolkata ° service agreement °

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