NOTICE PERIOD NEGOTIATIONS & BUY OUT OPTIONS
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- Опубліковано 25 лип 2024
- #NOTICEPERIOD #RESIGNATION #EXITPROCESS
I have made this detailed video about notice period negotiations and buy-out options for a leaving employee, do check it out.
A notice period is a period of time between the receipt of the letter of dismissal and the end of the last working day. Notice period has to be given to an employee by their employer before their employment ends. It also refers to the period between the resignation date and the last working day in the company when an employee resigns.
This video will answer all questions about:
How to negotiate Your Notice Period
Most Important documents while leaving a JOB
Why to Quit a Job? on Good Terms
What are the options to buy out your notice period or have an early exit?
Also, we speak about the exemptions of the notice period and special cases.
Do let me know if you have feedback for this video in the comments. Check out the below links for videos that you may find useful.
My"how-to" video series to help you with everything from everyday career advice to resume tips, job searching to interviewing to improving your confidence or negotiating a salary and leaving your job professionally. Check out these playlists below:
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Thank you, almost all questions answered.
@Riaz your most welcome 😊
Awesome crisp and clear explanations, super point to point conclusions... Thanks for the great video, loved it its very very very helpful ❤❤❤
Very clearly explained, thank you so much 🙏
Your most welcome, keep watching Careervues weekly videos 😊👍
Very nice and comforting videos on notice period. Thank you for this video.
Hi Pralay,
Thank you so much for your kind feedback. Stay tuned for more videos every week 😊
Thank you Mam. You have been a great help.
Your most welcome Vishal, happy to get a positive feedback. Kindly share my channel with your network as well so that I stay motivated for creating useful content.
Best wishes 😊
Thankyou very much .you save my life with buy out option. Subscribed 😘
Thank you @Lalit stay tuned to Careervues
I really appreciate your efforts towards explaining the terms and options in this difficult time. I am also serving my 3 months notice period and it's a very difficult time for me as I need to join my new job as early as possible.
I was very depressed because of my current situation that my current employer is not relieving me even after offering a buyout option. I was misguided by my own manager that I need his permission for that and he won't approve it.
From your video, I understand that buyout is my right and I don't need his approval, I am feeling a bit relaxed now.
I want to thank you for sharing the information, thank you mam.
Your most welcome😊 I am really humbled and motivated by your positive feedback on my video, followers like you inspire me to do more meaningful content. Keep watching Careervues videos and do share my channel with your network 🙏😊
Hello brother so did you succeed in buyout option??
@@atishpatil5744 Yes, I succeeded. And again thank you @Careervues
Bro how did u deal to buy out. Any tips and tricks
Hi I am also stuck In the same situation, Can You guide me what you did next, I really need help
You have magic voice God bless you
Thank you so much Vinaya 😊🙏
Thank you .. very informative ..👌
Your welcome, appreciate your positive feedback on my video 😊
Great ✨👍 I got right Guidence 👑
Thank you Yogesh, I am glad to hear that 😊🏵
Thanks so much❤️
What amount will be calculated for buyout is it the exact net salary or the basic salary that i need to pay for not service the notice period
Thank you madam..... very useful ❤️
Your most welcome, keep watching Careervues weekly videos 😊
I've been offered a non-managerial position in the UK and the notice period in the contract is 3 months - which seems excessive given that it's not a super senior role and there are no direct reports. Can I negotiate to lower the notice period before signing the contract?
@vindawg you must surely try to negotiate the notice in this case.Even for managers role 3 months is too much of a notice period. 1-2 months are enough to get a replacement and finish handover tasks.
Loved your voice. I want to know if the buy out amount is basic salary or gross salary. My previous buy out was on gross salary.
Hi it’s generally depending on the company policy.
The best way is to Ask HR how they calculate the buy out
if the contract stated that 3 days unauthorised leaves will terminate the contract can I do that to end the contract or would 3 months notice period consequences will follow me with this
Hi Nancy,
The query is on the notice period being waived off. Do we get a pay for the number of days from which we worked from the day of resignation
Hi Geever,
What does the company policy says?
It should be paid unless it’s waved off from immediate effect.
Hi M’am u have explained quite clearly , I work as a teacher and have got a new job in another education organisation, my previous organisation where I was working had one month notice period..I had put my resignation in vacation in 2nd week of May and had asked for a release date in 2nd week of June considering one month notice, they said it has to b working notice which is entire month of June, I said I cannot wait the entire month and buy out what is not served by me, the Organisation has withheld my May salary too and also asking me to work entire June even if I have given option of buyout ..suggest me what to be done, what if I don’t go to work ahead since my May salary is on hold, whatever days I have completed in the month of June is with the old organisation since I’m more focused on working in the new organisation
When i joined to x company 4 years back.. the notice period was 2 months.. it is mentioned in the appointment letter as well bt now 2 months back out hod sent a mail that notice period will be 3 monoths for every one . How to negotiate and convince to come out of the company.. please suggest me
Hi ma’am.. I am working in a company where they have two months of notice period.but I don’t want to serve the total notice period as my new company wants me to join earlier..in my appointment letter it is write you have to give notice period or can pay gross salary in lieu thereof but in the company policy I is mentioned notice period buyout is subject to approval of approving authority…in this case can the company reject my resignation?
Hi madamji
I have joined one company and resigned after 20 days because of unhealthy and toxic work culture but they are demanding 2L for immediate release
WHAT should i do?
I have other company offer as well.
Thanks a Lot
Your welcome Hitesh, stay tuned to Careervues
You saved Me from all Mess. Subscribed. 🎯
Either party can terminate this employment by serving a notice of 90 days on the other. The Company may at its absolute
discretion make a payment representing salary (basic) in lieu of notice of termination.
i have talked to my manager but he is just ignoring my calls and hr says that once replacement is there you may go . but they doesnot seem to interested in hiring repplace,ent
I am resigning due to personal reasons and not a job offer. Yet, my employer is making it difficult to release me early.
My letter has 90 days notice but my circumstances are keeping me from working beyond 21 days.
Please share your advise.
Hi quick question, on the last few days i have been asked to sign a three month cooling period. I don't wish to sign the same.What is the correct way. Can I not sign the same
Hi vipul,
Please inform the company that you have another job that you need to join asap and request them to process your final settlement.
Hello, I have a situation where I am on deputation ( Different country) . I got a contract when I was deputed. But the termination policies are different when I check my offer letter and this Contract. Company claims that only India policy applies. But my Local Lawyer disagrees with what my employer is saying. What do you suggest?
Hi Lavanya,
The origin of the contract has to be followed in case of temporary deputation. Local laws can’t change what the contract says.
Hi ma’am i found this very informative. I am going through a situation where i have to join another company within one month and i talked to my manager he said that we have put so much efforts on you to make you train on this project and after 7 months you are willing to go out of this Organization. I mean he is not allowing me to leave early. I have a notice period as 2 months and it’s written in the contract that “ In case of failure to serve the notice period, you will agree to pay equivalent gross salary in lieu of the notice period not served. The company has the discretion to adjust any unused vacation against notice period.“
Please reply me soon because on Monday i need to take action and ask for the buyout and will they allow me for the buyout as per contract.
Hi Adnan
Based on the mentioned clauses the company might not allow you to buy out your notice(they hold the right to do so) I recommend requesting tone and offering support in whatever way you can to negotiate your notice period. Let’s see what kind of response you get.
What happened did they allow buyout?
Hello Ma'am: Struggling to get the 90 day notice reduced. the clause mentioned is "terminable by either Party giving the other ninety (90) days’ notice. The company may, however, reduce this notice period at its discretion by accepting / paying basic salary in lieu thereof" - would it be possible to ask for buy-out with this? Thank you
Hi
You can surely ask to buy back your notice as this clause is mentioned in the contract.
Make sure to send a written request and it should be settled on your basic salary upon approval of your line manager & HR.
Send a polite request and see if they agree.
Best of luck!
@@Careervues if they don't agree what next can we do
Hi Kushal,
You must ask for the reason for rejection of buy back. Try to ask for support of your line manager. See if you could offer completing any critical tasks and have the exit before time.
What does your HR Says?
@@Careervues project manager and HR is playing mind games by saying about project critical requirement and other non sense things but I really don't have much work to be done on daily task just playing corporate worst games l.
@@kmkushal927 yes I am facing such same issue
Madam i have job opportunite the think i that new company is asking me to join in 15 days so please advice I am having a contract of 1 month notice period means only 15 days I can serve the notice period so what shall I do one thing I am ready to for not getting salary of 15 days I am serving please advice mean legal ways
Hi ma'am your video is really helpful. I am facing the same problem like others and I am working with TCS. Does Tcs provide Buyout notice period if I resigned? They are telling me they do have provide Buyout option
Hi Sudhir
Please check your employment contract or ask HR yo provide more details. You can get the right answers only through your company policies & procedures on buy out for notice period.
@@Careervues When I joined Tcs in 2013, notice period was 30 days. Now I resigned and wanted early release, but HR says no buy out option is available and wanted to serve 90 days notice period even though I am on bench. Can I say them that the offer letter which I signed in 2013 has only 30 days notice period and I have the right to get relieved in 30 days?
I have give resigned from my current employer of 30 days but after signed documnet he waive off notice period to ten days and said free her in two days.
And its hurt my gratuity 20 days pay
Anual leaves and lfa
Hi there
As per the labor law both parties have to abide by the notice period stated in employment agreement. Your employer can ask you for an early exit but it cannot be forced on an employee. Read your contract what does it says about leaving the company?
Hi Ma'am, nice video , I have an issue regarding notice period, as per appointment letter notice period "mentioned 90 days .However, it would be permissible at management's discretion to allow you the waiver of the shortfall in the notice period by buying (Basic Salary) the said shortfall period in lieu thereof".I want to complete 30 days notice period & rest of two months I goes for buying out but management not ready for buying out & pressurized me for survive 90 days notice period. I didn't want to complete 90 days Notice Period What can I do?
Unfortunately it is clearly mentioned in your contract that final decision will be by the management so there is not much of choice for you. Though it says that 2 months can be bought, try to resolve this nicely. Request your manager or HR to help you with exit process in return offer them a proper handover or assistance in replacement.
Lot of people are job less due to Covid, they may find someone for a lesser salary.
Talk to them one more time with a strategy, hope it will work!
What happened did they leave you for 2 months
Hello..My appointment letter says I have to serve notice period and if employee wants early relieving it's company's discretion. However company's exit policy says if notice period is not served, the short fall will be calculated for recovery. This exit policy is mentioned under HR policies of the company. Can I go according to exit policy
Hi
Both the rules mentioned regarding notice period are in company’s favor. As per #HRpolicy You are eligible to pay for unserved notice but having payment against notice or making you serve the complete notice is upon company’s discretion.
Can I force my HR for buy out options as is mentioned in appointment letter?
You have to take professional approach. If it’s mentioned - employee can buy out but upon employer decision, you can’t do much.
As first step understand your legal rights than Try to reach out to labor department in your city for advice.
Hi Madam, in the offer letter they have mentioned 90 days max or compensation in lieu of shorter notice. Subsequently they changed it as compensation in lieu of shorter notice at management discretion in HR policy. I asked to shorten my notice period from 90 days to 60 days to which my manager did not agree even if I was ready pay compensation. Is this legal. And if I deny to stay for 90 days can the company hold my service certificate and F&F
Hi Aarthi,
The company has smartly addressed in the policy ‘At management discretion’ which means they could approve or reject it. I would recommend you to negotiate again. Following videos might be helpful for you to understand the notice negotiations & legal consequences.
ua-cam.com/video/oyUwX_VSJEY/v-deo.html
ua-cam.com/video/aCQAAOxDzgw/v-deo.html
Hi Ma'am I found right video which suits me in my current situation. I do have a query ma'am that I worked in the organisation for more than 5 years and I got a new offer. I need to serve notice period for 60days which is in the contract. So, my last working day will be Mar17th. But joining date is on Mar14th. I tried to explain my manager but said the date will not change. Any suggestions Ma'am.
Hi Manjunath,
Congratulations on the new job offer. Since it’s just 3-4 days you can settle them with your pending leaves or buy them with your per day salary.
Do share if you have any questions
I have another video about passing your probation successfully hope you will like it : ua-cam.com/video/rZvF8BdpHO4/v-deo.html
Thank you so much mam for this clear video :)
I have One question,
can I buyout while serving the notice period, I have 21 days leave balance and 2 months of notice period need to serve
pls, suggest this.
Hi Chethan,
Yes sure you must talk to HR for settling notice against leave balance and check what are the buy out options.
Make sure you read your contract before doing so.
Thank you for this video.
Can we join new organization with resignation acceptance letter?
Hello Mahesh,
Thanks for the positive feedback on my videos.
It depends on the company’s requirements what documents you need to submit. Some examples are :
Reference letter
Payslips
Release letter
Kindly ask your employer for their joining documentation requirements.
@@Careervues Thank you for your prompt response.
I got resignation acceptance letter from my previous employer . They didn't give me a proper relieving letter. They are not responding to my calls & mails.
So my question is, will new employer accept this resignation acceptance letter as a proper relieving letter?
Hi Mahesh
Again it depends on the company. Very few organizations are ok to take resignation acceptance and make employees start.
But some companies follow a list of documents before proper onboarding.
It’s best to ask your new employer, what is needed before joining.
Thank you mam, my labor card expires nov 10 and my visa expires jan30 i given notice for resign before one month before visa expire is it ok
Do not ask them to renew your labor card. If they ask for it, try to buy time before resignation.
I am on probation period and not a full time employee till now but i have got a better opportunity in some different organisation and i was selected as a fresher to join immediately. My notice period is 30 days and I have to exit within 2 weeks as I have to join in time there and currently being a trainee I don’t have that much work load or responsibilities, so ma’am what should I do in this situation. Please reply back.
Hello Subhankar,
In this case review your contract if there is a mandatory notice period even during probation and talk to HR for an early release. They should be able to assist you. Let me know what they say so that I can guide you further.
Hello Mam,
I have a medical emergency in my family for which I want a early release from my current organization, but the Hr is denying saying that you have to serve 3 months of notice period, I had given my resignation mentioning my last day after 32 days and I'm asking for a replacement resource to whom I will train and give the project KT but the company is just making delay as my last day as mentioned in my resignation is coming near and after that I will not be available..So kindly guide me in the same..
@Suyog you have done your part by formally resigning. Now it’s about company’s acceptance. What is the reason they are not cooperating, what do they say about buy out or using pending leaves?
@@Careervues Hi Mam,
Thanks for responding to my query so quickly. I have around 67 paid leaves pending, But the Hr is not ready to discuss or negotiate for my last day in the organization..I'ad asked her whats the sense in paying me for 2 months if will not be present in the company after say 32 days.. plz reply..What should be my next action ?? And should I inform the client at which premises I am deployed..??
Hello ma'am, thanku so much for this video, it is so helpful.
Ma'am actually I have joined an organization in November 2021 and due to my family issues it's not possible for me to serve the notice period which is of 3 months.
I can give only 15 days to my employer and for the rest one I'm ready to do buy out.
Ma'am could you please suggest me how to approach to my employer and ask for buyout and release me ASAP and what if they won't agree so in that situation what should I have to do?
Hi Ayush,
As a first step check your eligibility for buy out.
You can write an email to HR of your company keeping your boss in Cc - request them for early release through buy out.
Additionally understand from HR how buy out of notice period is calculated and EOS documentation to be completed.
I hope it works, best of luck!
@@Careervues thanku ma'am
Hi mam, what is waive off notice period ? can employee no need to pay unserved notice period if manager/HR waive off notice period ?
Hi there,
Waived off notice means exemption of employee from serving the entire notice period. There is no buy back involved when notice period is waived off by HR
Is it compulsory to serve notice period If notice period is not mentioned in offer letter ?
Hi @prajesh
It is not compulsory to serve notice unless clearly stated in the employment contract.
Mam , My management give so many badwords and give give stress, my joining before 3month. I give resignation. But management give so many stress. I not like to serve notice period. But i handed over my work with new employee
Hello ma’am, i got an offer from a company which is offering me 3 times more salary then my current company, but i have to join within a month. So i tried to negotiate the 3months notice period with my HR and manager of current company but they are not ready for it. They are forcing me to stay for 3months and also talking to rudely to me. What should i do? I can’t loose this offer. Please help me out with this.
Hi Divya
How much time you have been working in your current job and what are the documents needed for the new job?
What if the employer is not agreeing buy out.what can we do.
As first step check your legal obligations. If it’s not mentioned in the contract, one cannot buy out. If the problem is from employer you can complain against them (if nothing else works).
Hello Ma'am.Currently I m working in Here Technologies.But I got an offer letter on 24th May from Capegemini on which joining date was 23rd June.So I had to resign in current company asap in order to serve my notice period of 30 days before joining date of 23rd June.During HR interview of Capegemini I had clearly mentioned about my 30 days notice period.But after resignation,she is asking me to negotiate on my notice period with my current manager as they want me to join on earlier than the mentioned date on offer letter.She also threatened me that she would offer this opportunity to someone else if I am not available on the earlier date as mentioned by her.I also asked about buying out of my notice period with my current manager and HR.They are also not ready to compensate my paid leaves with notice period.As I have already resigned,it can't be reverted.So it seems that finally I am going to lose both the job.Please Ma'am guide me on what I should do??
Hi Rajneesh,
It is a difficult situation primarily created by your new employer by their unjust demands. Once you told them clearly they should not be pressurizing you. At the same time current company should adjust any pending leaves in your notice period settlement as per labor law. Hope you make a well thought decision about your job.
Good afternoon ma I was been working in a restaurant over one year nine months now but my employer never give me contract letter now I have already got offer letter from another company, I have already give him resignation letter which is one month notice period and now they have already cancel my Visa with out giving me Visa cancellation paper what to do now
Hi there
I am sorry for the situation. You must have some documents regarding your employment visa with the employer. If they have canceled your visa you do not always get a paper, sometimes it’s online. If you have another offer ask them to check the visa status or guide you on how to help them. Let me know if you have any questions.
Best of luck!
Hello Mam, I am working in XYZ IT company since last 10 months and I have resigned due to my spouse abroad relocation which I mentioned in resignation letter. I have survived 1.5 months of notice period but still 1.5 months is remaining. As of now due to pregnancy I wont be able to continue work as it has too much of workload. In this case, how can I get early release?
Hi Ravina,
Firstly congratulations on the new changes in your life.
Below are the options in your situation:
Check your eligibility to buy back notice period
Keep taking sick leaves as and when you need them to pass your notice of 3 months
Tell your employer due to pregnancy complications you would not be able to continue beyond 2 months
Hope one of above would work for you.
Let me know how it goes..
Hello ma’am
My notice period is 2 months and in my appointment letter there is no option of buy-out. But after discussion with HR they are asking ready for buy-out but on total salary but normally the buy-out process on basic. Is there is any law for buy-out
Hi Naina
Buy out is calculated both ways gross salary excluding holidays or basic salary for remaining notice period.
What does your HR has agreed upon?
In my company there is 60 days notice period, but i have medical reason for resignation and I can't serve notice period so can you tell me how to i submit my resignation to HR manager?
Hi Vipul,
Please send an email while attaching the medical certificate that you are unable to work from which date.
Following video might help :
ua-cam.com/video/oZuqobEuJeY/v-deo.html
How can I contact you , I want to show my appointment letter in that by out (liue on notice) mentioned but HR not ready to accept. They are saying its not like what you have understood. Please mam help me..
Hi there,
I am based in Dubai.
The companies generally deny the buyout option for employees. It’s sometimes mentioned in the contract that one can settle the notice payment only upon employers approval. I would suggest you to keep following up with them politely to get more clarity about your contract.
Hi Mam...I need ur expert guidance...I have signed bond which gets completed on 20th January,2023...If I resign on 01st November,2022 and serve my notice period of 3 months,do I have to pay bond amount?
Hi Arti,
First you need to check if A notice period is a mandatory requirement in your case. If yes, I am not sure if company would except the resignation before completing the bond.
Buying your notice is the last thing to be concerned, Incase you are eligible to do so.
Get your answers from HR and make an informed decision.
Hi..in my current organisation notice period is 3 months..however i dont require any fand f and any experience letter from my curremt organisation..can i leave early @careervues
Hi Sonali,
If you have worked with the organization for more than 6 months I recommend you get an experience certificate. If it’s been less than 6 months you can resign and request an early release from notice. This video might help: ua-cam.com/video/XUzpimVwzos/v-deo.html
What about absconding? and if the employee doesn't need and experience letter and relieving letter. Can a company take legal actions? please reply
Please don't do that bro
Hello Ma’am, I’ve been working for 5 days in a company but I want to resign immediately because I need to start in a new company. This is what is written in a contract “Post confirmation, you may terminate your services by giving notice in writing as mentioned in clause 6 for 30 days or payment of salary in lieu thereof. “
Is it possible for me to buy out the notice period ?
Hi Sheena
5 days are nothing, Incase you are genuinely not ready to continue. Evaluate the company culture based upon the 2 job offers and take a step ahead. Notice might not imply in this case.
mam Hr.do not agree to buyout also reporting boss..i have to do 90 days but my notice period section clearly witten either i have pay basic or 90 days so can i take any legal action?
Read your contract carefully. What is written about notice period. All companies do not allow buy out. What does your offer says?
Should I pay for buyout first and claim in new company ?
What documents are required to claim it from new company ?
Hi there,
Please be informed not all companies support the buyout. It’s best to ask your new employer what are the terms if they buyout your notice period for you.
Hi mam i have to join to other company on Aug 3 and my current company gave me a notice period of Aug 29th now i told them to adjust from my outstanding leave but they are not agreeing and after watching your videos i told them for buying out some how HR understands but my manager not agreeing it.More over in my offer letter there no mention of serving notice period mentioning month.Now what can i do please help.??
Please reply mam?
Ma'am I am working in ABC company but in my offer letter the option to buyback is not mentioned anywhere and I have got an offer from another company but my notice period is 90 days but they need me to join by 30 days as they need immediate joiners otherwise my offer would ve cancelled. So what should i do now??
Hey bro did you get the offer ?
Can we apply leaves to reduce notice period?
Only if you have any pending annual leaves otherwise it’s forbidden to take leave during notice.
Helloo mam
I have a situation.i got my visa to canada so I resigned my position served 15 days and have 2 months notice period.did all the handover and exit interview also .now they are asking to pay for the rest days and i am now in canada and i dont require the experience certificate.is there any consequences i will face if i didnot pay the amount?
Hi there,
If you are starting a new career journey in Canada you might have already gathered lots of documents for your previous experience, so it would not be a problem. Incase you are going to mention this company’s name on your cv, your future employer might do a reference check, so make sure you give the details of the person whonis in good terms with you.
Hi madam I have 80+ PL I am in notice period 90 days notice period I have to serve but my reporting manager said if your taking any planned leave in time of notice period than you should extend the notice period is it black mail....?
@Nagaraj it is not black mail. Any leaves taken during notice calls for an extension of notice.
Hope my answer is helpful.
Thank you for sharing this, but mam I have a question what if company is not giving salary in the entire notice period -90days. Is there any thing we could do. One more question do we pay in buy out a basic salary or full salary as per India Employees Law. Please help me with these questions.
Is there any information on this if you could share that would be great
Thank you so ma'am, this video is much helpfull!. In my case, I have 90days of Notice period where I'm willing to serve 30days only. My company(Senior Manager and HR) not allowing me not even notice buyout they are forcing me to serve the complete notice period by saying that currently the company don't have buyout policy. Please help me with this🙏 I desperately need new job, any suggestion can help me to build my career. Thank you in advance!!!
@Jabeer you need to request your manager & HR to help you with the matter. If they don’t have a buy out policy what is the provision for employees to leave early. Help them with replacement or handover if you can and try to solve it professionally.
Best of luck!
How did you solve this ? @shaik
@@nikitakharat7976 Sadly, i didn't get any solution from my Org. Manager strictly said that they don't allow me for early releaving. I had served entire 90days. But luckily I got 6 better offers after that.
After my research I got to know that every employee has right to ask for early releaving. All the best 👍. Thanks again @Nancy Ma'am for your advices 🙏
@@nikitakharat7976 Sadly, i didn't get any solution from my Org. Manager strictly said that they don't allow me for early releaving. I had served entire 90days. But luckily I got 6 better offers after that.
After my research I got to know that every employee has right to ask for early releaving. All the best 👍. Thanks again @Nancy Ma'am for your advices 🙏
@@shaikjabeerali3491 my offer letter says 60 days notice period, but the org (Cognizant) is like we had changed policy you didn’t receive the pdf which said 90 days!!!!!! Which is their backend fault but they are forcing me to take up 90 days i have good a very good offer with Accenture (they are okay for 2 months not 3 months ) my Hr , my Managerd no one is helpful!!! I have ask for payout they are saying payout only if you have medical conditions they have left no option , Plus Hr behaviour is so toxic! I have no clue what i should do 🤦🏻♀️
Hi ma'am, could you advise me regarding notice period reduction.
My notice period is 3 months but i want to get relieved within 2 months but when I asked manager for reduction/buyback but he is not ready and when I mailed hr she said talk to manager but he has already said no what to do btw I am a fresher n am in company since 5 months but i am not on probation period and have resigned for my post grad education. Pls advise on what to do..
In my opinion you should politely follow up to understand the reason for declining to reduce your notice. Watch these videos TIPS FOR NOTICE PERIOD NEGOTIATION EMAIL - TEMPLATES INCLUDED
ua-cam.com/video/BllVJq1gwBA/v-deo.html
Consequences of NOT Serving the Notice Period - How to Reduce 3 Months Notice Period
ua-cam.com/video/aCQAAOxDzgw/v-deo.html
Hi, I have a query on termination of employment. If my contract stated: After completion of your probation period, either you or ABC Ltd may terminate this agreement at any time by giving 3 months' prior written notice to the other party. ABC Ltd may provide you with a payment in lieu of all or part of the applicable notice period.
Does it means as an employee, I have the option to skip the notice period by paying 3 months of my salary to the employer in order for them to release me without serving my 3 months notice? This is because they only stated ''ABC Ltd may provide you with a payment in lieu .....'' and it doesn't mention ''either party''.
Seek your legal advice on this. Thank you.
Hi there
This means that you have an option to pay for the notice period to get an early release but upon company’s discretion. It’s depending on the company to allow you for an early exit by taking 3 months notice salary, they may refuse it as well.
Hi thank you so much. I understood now.
Your welcome anytime
During the Probation Period, you or Company may, terminate the employment by providing 1 month’s prior notice ("Probation Notice Period”) without assigning any reason, whatsoever. Company reserves the right to make or recover an equivalent payment in lieu of the applicable Probation Notice Period, after the same was conveyed in writing by either Party.
this is there in my appointment letter.
i asked my hr for buy out my notice period. he said no and you have to serve 30 days notice. what shall I do madam?
Hi Rasik
For sure you are entitled to buy out your notice period as stated in your employment contract. HR is declining it unethically. Talk to your manager or anyone from HR whom you think could help you to negotiate an early exit. Let me know what they said, I shall suggest you accordingly.
My HR saying that, option of giving the buyout option is depend on the organisation and it is not depend upon employee, I am trainee but still they are not giving me the option for buyout
update: I have talked to hr and made a deal. I will complete project even after leaving company you give me my resignation acceptance now and post completion of project give me my relieving letter. he said ok.
That’s very nice @Rasik I am glad that you found a mid way solution for a smooth exit process. Best of luck!
@Sudhir it’s not true that only employers can decide about the buy out. There is no law like this. You are in your early career don’t be concerned about such Management. If you have a job and leave the company by going on an emergency leave.
Ask new HR what documents they need from your training. If there is nothing crucial plan to leave, the employer can’t do much to stop you.
Hello maam ...need a help ...my manager have approve for early release but my hr is saying to serve 90 days notice period can you please suggest me someway and also he is not agreeing for buyout even we hv lieu policy
Even I'm on bench as manager hv released me from the project and hv confirmed over mail that he is okay with early release
Wat if they don't accept resignation letter then wat should be done
It is normal for companies to deny resignation as they see a lot of work for them but here are some ways to negotiate further: ua-cam.com/video/oyUwX_VSJEY/v-deo.html
Hope it helps you!
I got released from my project. i am under pdp now. I need to join new organization in 20 days. Can i get early release from my company in this situation. can you please help me how to convince my hr and manager regarding this.
Watch this video for negotiating notice period; ua-cam.com/video/XUzpimVwzos/v-deo.html
Madam, I'm a Telangana state government employee who is on probation, I want to apply for resignation but my higher official s are saying, you should give notice period of 3 months, can I buy out notice period to get immediately relieved?
@Abhishekk what is mentioned in your contract about notice period?
Is there an option to buy out?
Hii Madam , need your help !
In my appointment letter there is a clause " This appointment can be terminated by giving three-month notice on
either side or payment in lieu of shortfall in this notice period " they haven't mentioned any specific amount to buy out notice period . And my current condition requires me to buy out my notice period. But my management isn't responding to any of my calls/emails regarding to say me clearly about buy out amount. Kindly suggest something what to do in this situation ? Please Madam help
Hi there,
Firstly- Your company has clearly mentioned in your appointment letter about buy back option Incase you are not able to serve the complete 3 months notice period which is good.
Second- To buy back notice generally per day salary is given by the employee in lieu of working days remaining for the notice period (excluding the weekends and public holidays).
Third- Make sure to adjust any of your pending leaves to reduce the notice if possible.
Lastly, you can request your company/ HR for a buy back calculation from their side through an email. Based on which you can settle the early release from notice period.
Let me know if you have any questions.
@@Careervues Madam generally have to per day salary means is it the basic salary per day or total monthly CTC/30days ?
Buy out is calculated on the gross per day salary ( not on the basic) To start the process, the employee needs to find out the amount paid to the current company for relieving form the accounts or the human resource department based on the company’s policies. So it’s crucial that HR communicates everything in written.
@@Careervues mam , thanks for your valuable information . Two last question from me . Can this buy out amount be settle against my FNF ; if my FNF amount will be very much high(as i know) ?? My current HR team and reporting manager aren't replying to my resignation mail & to my reminder mail and calls for exit proces and reliving . What to do ??
Using FNF for settling the notice varies on company to company. Unless your HR respond I cannot say if it could be done.
Regarding their non response, keep writing emails with polite reminders on the same thread. Attach a screenshot of your contract stating about your notice period buy out. Try visiting HR and talking to them in person, ( do not call as there will be no proof of follow up) If they do not respond gather your documents and be ready to reach out to file a labor complaint.
Hello Ma'am , just have a doubt . I had put my resignation and served a minimum of 1 month notice period out of 3 months and I paid the buy out amount for the rest 2 months , now will I eligible to get my service certificate ?
Hi Swadesh
If you have bought your notice, it definitely makes you eligible for all kinds of mandatory exit documents to start your new contract smoothly. You can Write an email to HR for the complete understanding of the timeline for exit process including final settlement, release letter and experience certificate.
Did You paid the whole salary or just the basic salary?
It depends on the company, some companies do it on basic salary others calculate it on gross.
Best way to find out is to ask your HR.
Hello, My Offer / Appointment letter has two months notice. The HR has recently circulated email change in notice past two months ago which many of the employees haven't received and i am one of them. In between i have accepted an offer where i have committed 2 months notice but now the current boss is not accepting my 2 months notice and stuck up on 3 months can anyone suggest here.
Hi Diven,
As per the labor law a signed employment contract by both parties makes the terms and conditions legitimate.
Sending an email for increased notice doesn’t mean employee acceptance on a legal contract.
You can serve the 2 months notice and decline any extension. Employer cannot take any action against you. If they trouble you for EOS documentation, you can file a complaint against them.
@@Careervues Thank you for quick response.
Your welcome 😊 stay tuned to Careervues
Ma'am in my appointment letter it is mentioned that during my probation period I can resign but I have to give two-month notice.
I had just completed one month in this company. But now I got a better job opportunity & I have to join there within 10 days please guide maam what should I do?
Hi Saloni,
Congratulations on the new job. The only way is to try and negotiate. Here’s a way to negotiate your notice period: ua-cam.com/video/XUzpimVwzos/v-deo.html
Let me know if you have any further questions.
In my appointment letter notice period is not mentioned. So should I bound to serve notice period?..
Hi Soumyadip
Is your company asking you for serving the notice?
@@Careervues First of all Thank you for your reply. actually I didn't receive the offer letter yet. My new company's hr told me that probably next weak I will get the offer letter. So after that I will resign and I joined my current company only 4 months back and project started only 2.5 month back.
@soumyadip in this case first you must know if you are on probation or a permanent employee. Generally on probation no notice is required but it’s different for permanent employees. Hope you get you offer well and have a smooth workplace transition without any notice period. Let me know if you have any questions. Check out my exit process playlist for any relevant videos. All the best!
Hi, i am currently working with 'x' company and in offer letter it written that (your employment with the company may be terminated by you upon giving the company 3 months written notice or at company's discretion, payment of gross salary in lieu of notice) do i hold any right to buy out my notice period? This is urgent as i have already put down the papers and no one even manager as well as hr is cooperating with my questions
Hi Rishikesh,
As per above mentioned details- Yes you are eligible to buy out but approval depends upon the employer.
@@Careervues that means i am screwed, thanks for the reply though i am glad to hear from an expert opinion.
Your welcome Rishikesh,
In case they allow you to buy out the calculation would be on gross salary not basic FYI
Hi, I am currently serving a notice period in my company but I am having another company offer where I have to join within 20 days so I gave 15 days from my resignation date. and the company terms in appointment letter either of one month or one month salary I am ready to buy out but still they are not releasing the acceptance letter. how to handle this please help
Hi Sathish,
Follow up on a written resignation acceptance.
Understand what are the next steps from HR by visiting them.
Ask how your buyout will be calculated on basic salary or gross.
If nothing works request your boss to help for an early release.
@@Careervues thank you so much.
HR is telling me to put sick leave for the balance for 15 days, but I am not okay with it.
Hi mam really great video, i have a doubt,iam working at DXC and it's just been 4months and the notice period is 90days but i have hr interview in another company soon .So how can I handle this situation?if I tell the hr that i have a notice period of 90days would the hr reject me?
Hi Nirmala,
Thanks for your positive feedback. As a part of interview preparation :
first go through your employment contract and check if there is a leave adjustment or buy back notice option.
How are your terms with your boss or HR Incase you need to reduce notice?
Let me know if you need any clarification.
When you go for an interview do mention that you have a 3 month notice but you are willing to work out an early release.
Based on your notice period some companies have concerns but there are companies who are willing to adjust based on your interview performance.
An honest and smart start is all you need for career progression.
Here is my interview preparation playlist, hope you find it good for your upcoming interview: ua-cam.com/play/PL5jP-bcMZLvsaPwhd8hmVzn_f9iifiigR.html
@@Careervues sure mam I'll go through the videos of yours, and will do my best in cracking the interview.But if my interview is good ,would the hr think of taking it forward irrespective of the notice period??
Hi Nirmala,
As I said, it depends on the company and how good your interview goes. So don’t worry about notice but prepare well for your interview to take it step by step.
Best of luck !
@@Careervues Sure mam Thank you soo much once again ❤️
Your most welcome 😊
Hi ma'am,
I resigned from my job on 10th of November mentioning notice of one month upto 8th December. I am a permanent employee serving my 3rd year in the company. I work in the lighting industry. There is a provision of buy back. However, my managers are asking me to serve more than 1 month and stay upto 31st December. Should I contact my current company HR as I want to buy out my notice period.
You are not obligated to buy any notice in above case. You are serving a month’s notice ( I assume it’s mentioned in your contract).
Your manager is unethically asking you for extension. Politely request him that you can’t do it as you have your joining in the new organization.
@@Careervues Maam the mentioned notice in my current company offer letter is 3 month but a buy back option is also available. I mailed that I can serve upto 8th December but they are insisting to serve upto 31st over phone and no written communication. Please help. I agreed to serve notice from 10th November to 8th December.
@Ratnajit if mentioned in your employment contract you have every right to buy back your notice. Keep insisting on the buy back :
ask for a response on an email
Attached a screenshot of the contract but back clause in the second email.
Keep communication formal and written.
Inform the future HR that you are trying to buy back notice period and will keep them posted.
Let me know how does your communication goes and I shall advice further.
@@Careervues Hi Ma'am, now my reporting manager now gave a date upto 31st December. The new employer had given me joining date of 10th December however they said they can delay it by 5 days. Should I now say them I want to buy back the notice in mail. Please help.
@Ratnajit please read my previous message again. I asked you to send an email attaching the screenshot. If you get no response or they are not ready the last resort is go on an emergency leave and do the settlement later.
Hi ma'am,
My org have 60 days NP mentioned in the offer letter with no mention of buyout section. But when I checked in my exit tool portal, it was showing 30 days NP. Currently I am with this org for less than 6 months(Maybe due to probation but no mentiin of it in offer letter).
I have resigned from the org stating that I can serve only 30 days NP as mentioned in the exit tool portal.
But I am getting pressure from my org to serve 60 days NP. They are saying there is no option of reducing NP in any way be it buyout. Further I will not be provided relieving letter and experience letter.
My new offer will also be invalid if i can't join within an month. Please help in this situation, I will be very grateful.
Hi below is my response:
Please do not take the pressure of serving 60 days when your employee portal says it to be 30 days.
Talk to future HR and ask them what documents they need.
2-3 days before completing 30 days notice send an email that your last day would be ___ and ask about the exit handover formalities.
Your employer is trying to take advantage, follow written probation notice. They cannot do anything.
@@Careervues thank you ma'am for your prompt reply. Probation clause is not mentioned on offer letter.
Also ma'am, if I don't get relieving n exp letter from current org, will it cause problems while joining in other future org since they require whole employment history docs.
Why don’t you ask for the release documents from HR?
It’s your right and they cannot deny it. Ask and Review your company policies for employees who resign during probation. (FYI 6 months with 3 months extension is the maximum probation - even if not mentioned in contract)
@@Careervues I will ask for the same. Thanks again ma'am
Madam I am in probation period in a insurance company after joining 9 days I put resignation.but not served 60 days notice period now company asking 2 months notice period pay out what should I do please replay. I not need any experience letter
Hi Arun,
In this case you can simply ignore because an employee can leave during probation without or minimal notice. There is no need for service 3 months based on 9 days at work.
@@Careervues Madam as discussed earlier comments today one notice received from company to pay the recovery amount of not served days notice period amount of 23622 with in 15 days.I not payed the amount any issue?. I not need any experience certificate from this company.kindly replay?
Hello Mam, How often there is chances that new employers HR extend the date of joining for 2 or 3 weeks.
Hi Kumar,
Incase there is a genuine reason to postpone the joining of an employee it could be extended to few weeks but the reason has to be clearly agreed and understood by both parties.
@@Careervues reason is i am not allowed to release early from my current organisation. Will this reason can be understandable to my new organisation? So just seeking help!
Hi Kumar
I am not sure of your concern.
Can you tell me in detail what is the issue? So that I can advise.
@@Careervues my organisation has changed the HR policy and just before 1 day I joined so for that reason my NP increased from 60 to 90 days.
In my current organisation same grade but have different NP.
No new organisation as me can you buy out or not I tried to buyout for 3 weeks but HR and manager till now didn’t approved yet, so if in case they didn’t approved should I ask my new organisation HR to extend the DOJ due to that reason. Can you advise?
Now, ask* changes in 3para.
Hello mam,
I have recently resigned from an organisation as I am getting a better career option, the joining date with the new organisation falls somewhat in the middle of my 30 days notice period, so roughly i can serve about 17 days. But, my present employer is not agreeing to pardon the remaining days. I have enough leave balance to compensate for the remaining days, the other organisation is agreeing to buy me out. But my manager and HR has stonewalled me into serving the complete 30 days. I have also referred to my offer letter, and they do have the option to pay in leu of serving notice. Please advise what needs to be done as it has happened twice and this is causing much grief.
Hi Abhishek,
It’s your legal right to adjust your notice period with pending leaves or buy the remaining days.
Send an email request to HR and your boss to understand on what grounds they are rejecting your early release.
They cannot deny this adjustment as it’s mentioned in your contract, follow up by mentioning your last working day and ask what needs to be done before you leave.
@@Careervues Hello Mam,
Ive tried doing that, they have stated that buyout is an option in case you dont have any responsibilities. But your present responsibilities wont allow us a buy in until or unless they are served in 30 days. Which doesnt make sense, because ill still be serving 17 days. I do plan to go to my organisations ombudsman, not sure if its gonna work out.
Hlo mam, i am working in a company from last 1.5 year. Their is nothing mentioned in my appointment letter regarding notice period a part from this i hadn't signed any handbook/policy book. Now my HR told me that as i complete 6 months so i am confirmed employee and have to serve 45 days notice period otherwise she will deduct my salary. Plz help me .
As per labor law, a permanent employee has to serve the notice as per company policy.
You can ask them about buy back options or any other early exit options that you can choose to reduce your notice period.
Hi maam... I got warning letter from xyz company regarding quitting of my job... Hence they are asking me to pay 48000 amount ... What should i do now? Suggest me ma'am
What warning letter?
They cannot warn you asking for money. Please explain your situation.
If there is a claw in the offer letter that "salary in lieu of notice period can be paid by either party"
Can employee has the right to buy our notice period?
Hi Dexter,
For sure an employee can demand to buy out the notice by paying for the unserved notice days but some employers put a clause: applicable only upon management’s/ employers discretion. So do check if something like this is mentioned in the contract.
Hi mam please reply me unfortunately I thought i will be serving notice period for one month but it is three months …because of pressure and stress i am leaving my current organisation ... I just need to buyout the notice period..i said that i will be pursuing some higher degree…i am unable to stay here because of pressure…iam facing so much of stress and health problems..is there any possibility so that i can convince them?
If there is a buy out policy then only buying your notice period is applicable.
There are many factors to take in consideration:
How long you have worked for the company- if less than 3 months leaving is easier
How supportive is your boss or HR in buy out?
What action company can take against you if you don’t follow protocols?
What documents you need for future employment?
But above all priory must be given to your health & well being.
mam thank you so much for this , I request you to please let me understand below statement mentioned in my offer letter
“ The company shall be entitled to accept your prospective resignation with effect from a date earlier than the one offered by you and thus relieve you at any time during your notice period as the notice is for the benefit of the management and balance notice period can be waived at
any time by the management. In such an event, however, you shall be paid basic salary for the
remaining period of your notice. In case the management at your request accepts a shorter period of notice, you shall be entitled to receive your salary only for the actual number of days worked.”
As my manager is not getting ready for a buy out of my notice period .
Please help
I am willing to buy out my NP but my employer is still rejecting my requests, How should I go about talking to them.
If your contract has a buy out option, request HR that you want to use your legal right to settle your notice with payment. If they don’t agree offer overtime/ your replacement/ handover to your successor in good terms. They may understand your support and get ready to negotiate.
@@Careervues Sure, Let me try that. Thank you for the prompt response
@@Careervues I was on bench at the time of my resignation and after my resignation they mapped me to a new project and now saying that project currently don't allow payoffs. My contract clearly mentions payment in lieu of notice period. What I can I do now
Irfan, the contract stated clause will follow. Unless you have signed a new contract/ responsibility amendment during notice. Stick to buyout or ask for the policy stating that you can pay for early exit.
Is this applicable also in India?
Yes, probation period is applicable in all organizations all over the world.
Currently I am having 3 month notice period - Now My manager giving me new role and new work and saying do this work for next 2 months and transition back the new work in my last month of notice period ....
I felt over pressure now reason 1. I have to complete my daily target 2. I have to give transition of my current role 3. taking transition of new role
I am stressed out a lot and happened to work on all weekends - Please advise the better solution for this situation.
Please advise how I can be polite and assertive
Thanks,
Suruthi
Do not follow any instructions rigidity since you are already on notice period. Just complete it and do a handover to your replacement.
Best of luck!
sir i had joined a banking co after 5 days of training i decide to leave the job because i am not fit in 12 to 13 hours job so i give resign and i have to study CS but even i not want serve the notice period of 1 month i told with area manager and the BM to not able to serve . in this situation what option i have 1) pay the notice period amount or 2) avoid , kindly suggest me
No need to serve notice for 5 days at work. Simply move on.
@@Careervues but mam Branch manager said to me that he will mark as absconding and I already give resignation mail to him , are manager and hr . They force me to serve 1 month compulsary notice period in physical . What to do I will go for buy out option or not . Please help me mam
Hey .
If I am not able to pay the buyout amount as the company has shared the f&f amount due to them .
I do not have a job. I will not be able to pay them from my own pocket .
Hi Rishabh,
Why buy out ? Instead serve the notice period since you don’t have a job.
@@Careervues thank you for response mam. I left it 10 days ago . Now they are not giving option to serve notice period .I do not want any letter from them also not to work in the same field. What should I do ?
Don’t worry. If you don’t need anything from them, you can finish this chapter of your career.Find a suitable job but keep your reference ready.
These videos you might find useful
List of documents required for starting a new job - Onboarding documents
ua-cam.com/video/b6NRkQUPcaw/v-deo.html
ua-cam.com/video/aCQAAOxDzgw/v-deo.html
Hi Maam In my appointment letter it is mentioned my notice period will be 1 month but they have added one more claws saying "All other standard and general rules, practices and policies of the Company as existing now and which may be amended from time to time will be applicable to you and you will be expected to abide by the same" now they are asking me to serve 2 months notice period. Is it fair? They never intimated me the changes in the policy. Please guide me. Thank you.
Hello Suraj,
You are legally obligated to serve one month notice period only. Change in policies are to be shared with employees and contract changes are to be signed by both parties to make them acceptable. They cannot force you for an extension of another month if you have not signed any amendment.
@@Careervues hi ma'am thank you very much for the guidence.
Your most welcome
@@Careervues they are still not agreeing and asking me to serve 2 months notice period. Please guide me what should I do?
Hello Mam,
Mam mera notice period 3 month ka h or buyout with basic salery wala option b h.
Mam mene 7feb 2022 ko resign dya h aur usme mention kiya h ki m 15 din baad company se exit kr dunga last working day 21 feb hoga aur m buyout k lye tyyar hu.
but mam mera resign to accept kr lya lkin Reliving head or HR mam n bola h 3 month rukna hoga appko ongoing project ko dekhte hue.
Mam ab mujhe kya krna chye mene sb trha se request kr li but vo nhi maan rhe.
Kya mujhe 21feb se company jana bnd kr dena chye ? ya kya krna chye.
Mam Please help me.
Mam Please apna suggestion btaye.
Hi Yash,
You must follow your company policies, if it’s written that buyout option will be applicable based on company’s decision- you can’t do anything.
Talk to your boss to support you for an early exit, ask him how you can help the department for an early release. Maybe your supervisor can talk to HR for you. After all the decisions are all inter connected between departments HR & finance.
@@Careervues thankyou Mam for your valuable feedback
In my offer letter there's no clause for buy out option for employees..I need to join in a month.. What shall I do
@Akshita talk to your HR & current boss to find a solution for early exit. Have all communication in written. See what do they say to your request.
Had words with them they are not negotiating.. I don't wantt to loose next opportunity
I haven't given any written communication yet I feel my offer would get revoked and here loose my job
Settle it with your pending leaves and if you don’t have them enough go on an emergency leave,
Ask your future HR what documents are required for your joining then settle your pending documents later accordingly.
@@akshitasingh8713 Hi Akshita, What happened? Did u have joined yur new job?
Hi madam , need your help i have a new opportunity to take up by 1st of november but employer is not letting me buyout my noitice of remaining 25days ad they are are not ready to talk . How should i quit and what i should mention them in the final email. What are future consequences .. please reply mam i wll be loosing a crucial opportunity .
I have buyout option mentioned in the appointment but. They not letting me choose that option.
Hi Manish
If it is mentioned in your appointment letter signed by both parties than your company have to follow it.
From now make sure to communicate through emails and follow up on the same email thread requesting buyout or an early release politely. If it doesn’t works within a week - In your final email tell them you may do a labor complaint if they do not respond or let you buy out.
The consequences of leaving without a closure are:
No relieving letter
No proper final settlement
No references by HR
Holding the pending salary if it’s due.
Let me know how does it goes.
@@Careervues sure madam, iam communication through email since the begining hr dgm is not even checking email until unless i called her up .
I was doing honest reasoning from the begining ..but iam regretting for being honest. Iam thinking to post some medical emergency and stop logging in from 25 of oct . I will keep you posted mam . Please suggest me if there is any way around .
Thank you for your response mam.
I assume your emails are being read but not responded by the company but all you could control is your side of interactions. It is a good idea to mention about medical emergency and manage the situation. The only drawback would be getting into the hassle of final settlement discussion later. Just Make sure your future employer doesn’t require any documentation from this company before taking any action.