Notice period refers to the duration that an employee or employer must provide before terminating an employment contract.
It serves as a formal transition phase allowing both parties to make necessary arrangements.
The notice period ensures a smooth handover of responsibilities and facilitates the organisation in planning for a replacement or redistribution of tasks. For employees, it provides an opportunity to fulfil their obligations while preparing for their next career move.
Notice periods vary based on employment agreements, organisational policies, and local labour laws.
FAQ
Notice periods typically range from a few weeks to a few months, depending on the employee's role, seniority, and the organisation's policies.
Yes, in certain cases, employers may waive the notice period and allow the employee to leave earlier, often through mutual agreement or by offering payment in lieu of notice.
If an employee fails to serve the notice period as stipulated in their contract, they may face penalties, such as loss of final settlement benefits, legal action, or payment of compensation to the employer, depending on the terms of the agreement.
Many organisations have shorter notice periods for employees on probation, although this can vary based on the employment contract and company policies.
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