Notice Period in India: Resignation vs. Termination ??????
According to the Indian Contract Act, 1872, both the employer and employee are required to provide reasonable notice to terminate the employment relationship. The definition of "reasonable notice" may vary based on the circumstances and the terms agreed upon in the employment contract.
??Resignation Notice Period? -
When you decide to take a new career path or explore different opportunities, your resignation notice period comes into play. It's the time you provide your employer before leaving the organization.
·??????Typically mentioned in the employment contract or company policies
·??????Range: 15 days to 3 months
?? Employee-initiated decision
Purpose: To provide a reasonable transition period and allow the employer to find a replacement.
??Termination Notice Period?-
On the other hand, the termination notice period comes into effect when an employer initiates the end of the employment relationship
·??????Governed by employment contract, labor laws, and industry norms ??
·??????Common requirement: One month's notice or wages in lieu of notice
?? Employer-initiated decision??
Ensures fairness and allows employees time to seek alternative employment ??
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