Read On To Learn More About Term Of Notice!

Are you looking forward to resign from your existing company

? Have you served the term of notice? Term of notice is nothing but the period that you need to serve before you leave the company. Once you submit your resignation letter, you need to serve for a period of minimum 15 days. The period varies from company to company. Yet, the most unfortunate fact is that most of the employees get to know about this notice period only after they place their resignation. Usually, the term of notice would be mentioned in your joining letter. Thoroughly reading the terms and conditions put forward by the company will help you in finding the notice period to be served for the company.

Term of notice is not just for the employee, it is applicable to the employer as well. Even if the employer is terminating an employee from the office, the employer needs to intimate the employee well in advance. Even in this case, the period of notice would vary from company to company. On the other hand, some companies do not have a notice term. If you wish to know the actual reason behind the purpose of this notice period, just continue reading along.

From the employees end

When the employee is resigning from a company, he/she needs to intimate the same at least 15 days ahead of the schedule date of resignation. The main purpose of serving this notice period is to make sure that the responsibilities are handed over appropriately. At the same time, it gives you time to finish all the tasks that you are left with. On the other hand, it gives sufficient time for the company to hire a person in your place.

From the employers end

Not just the employee, even the employer needs to follow the term of notice when they fire a person. The employer needs to let the employee know about it well in advance. Notice period is the term given for the employee to find another job. If the company doesnt allow the employee to serve the notice period, the employee has the rights to sue the company, provided the period of notice is mentioned in the joining letter. So, when you accept the joining letter, look for the information related to this term of notice.

Importance of the term of notice

Term of notice wasnt given much importance in some companies. Lack of such notice period started bringing up issues between the employer and employees. This makes it difficult for both employee and employer as well. Taking this point into consideration, now all the companies hire employees explaining them all the terms and conditions including the notice period. Even in case of the employees, they look for a company that provides notice period and other related aspects. Thus, notice period started gaining huge importance.

So, irrespective of whether you are an employee or an employer, make sure you consider the term of notice. Follow the terms and get the process done smoothly.

by: Anders Timberson

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