Employees frequently look for opportunities outside the company to get a hike and grow in their field. Before signing off from a designation of any organization, the employee has to inform the company about their exit.
In many companies, there is a protocol to serve the notice period before leaving the companies that every employee should follow. Some companies proposed a contract with some terms and companies that includes the offer letter of joining, and bond to stay in the company. According to the roles, responsibilities of any department, the company provides some perks and benefits to the employees. It includes traveling expenses, calling bills, insurance, or others. It is all served by the company.
Generally, the company or organization proposed the notice period for 1 to 3months. After fulfilling the notice period they can move.
If the employee does not serve a notice period for when they are going to leave. The employer can take the action and ask to pay GST that can be cut off from their monthly salary. The employee is liable to pay as they have access to the complimentary benefits without serving the notice period. This GST will recover the expenses that have been spent on the employee.
Therefore, whenever you are going to join any organization or company. Read the offer letter details, terms, and conditions carefully. If you have a doubt, clear that at the moment to save yourself from any inconvenience. Everything is mentioned in the offer letter so be careful if you are going to move from any company or organization.
Fulfill the notice period and clear everything from your side and move out with dignity and without carrying or paying off any financial liabilities.
This update and information are published over different websites you can search and read the news for further confirmation. One name we are mentioning here is Mint.