In this fast-paced world, what's the point of a notice period of 2-3 months?
Have you ever wondered why notice periods exist if you want to reduce the duration of your future notice periods then this blog might be useful for you ……
Notice period refers to the amount of time an employee is required to give their employer before resigning from their job. it has become a hot topic now even the ex-founder of Unicorn Company expressed his views on the notice period also he said:-
“HR wale bade ache ache clause sign karate hai apse…. Sachai ko samjho na…If a company says three months' notice period, tu agle din chala ja, koi kuch nahi ukhaad sakta…”
To sum up his thoughts: despite the employee signing a contract of serving a notice period, the person is free to start working for a competitor the very next day.
Why notice period for months? In order to give the company time to recruit a suitable replacement, employees often require to serve longer notice periods. This is especially useful for high-stakes roles or those requiring rare or unusual expertise. In addition, workers can inform new hires about the company's processes and procedures and discuss any ongoing projects and knowledge transfer to new candidates.
Why reduce the notice period? Employees' enthusiasm and productivity may suffer during the notice period if they are aware that they will soon be departing the organization. It can be expensive for a company to keep a departing worker on the payroll if they aren't producing anything useful during their notice period.
Alternatives to the lengthy notice period include
In human resources, the term "buyout option" refers to a clause in an employment contract that allows the employee to leave the company immediately without serving a notice period. For immediate termination, the employee must pay the contract-specified payment to the employer.
A clause in an employment contract that allows the employee to leave the company immediately without serving a notice period. For immediate termination, the employee must pay the contract-specified payment to the employer.
Employee resignation should trigger the start of the notice period. A resignation may be accepted after a certain number of days, or it may be delayed for a period of time if the employee's management is out on leave.
A worker's notice period can be shortened if he or she offers the name of a suitable successor, whom the company then hires.
All of the employee's unused vacation time can be factored into the calculation of the notice period.
If an employee does an excellent job of keeping in touch with their supervisor, the supervisor may be willing to negotiate a shorter notice period for the employee.
To conclude Even though Notice Period has benefits, the company is able to find a replacement for the vacated position, while the employee serving in Notice Period feels demotivated. Other Companies desire the immediate absorption of the departing candidate into the new position, but the notice period makes it difficult to absorb new talent. Also if an employee have a good relationship with his immediate supervisor and completes his notice period then his/her supervisor will give an appraisal letter.
So according to us, the Notice period should be for 30-45 days depending on the importance of the position not more than that. HR consulting firms can help discover qualified candidates quickly, which can shorten the notice period. Which benefits the company and the employee.
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