Search Results: final exit letter

Reminder Letter For Full and Final Settlement to Employer

On leaving the company, an employee is entitled for the payment of last working month and this whole process of recovering or paying during the process of resignation is known as Final Settlement. In some companies, the final settlement happens first and then the employee can resign and in other companies, the process of final settlement takes place at a later date.

Sometimes, the need for writing a reminder letter for full and final settlement arises if the process of the final settlement is not initiated or otherwise. If you are confused about creating a reminder letter for full and final settlement to employer then in this post, we have included a full and final settlement letter format for your reference along with all the important details in this context.

Components That Are Included in Final Settlement Sum

Here are some important components that are essential in deciding the final settlement sum and must be always kept in mind while writing a full and final settlement request letter:

  • Unpaid salary and arrears
  • Unpaid bonus
  • Payment of non-availed leaves, if any

Period of Settlement

Though the final settlement is suppose to happen on the last working day of the employee with the company but sometimes it takes time for the papers to get cleared and therefore, the final settlement can happen within the period of 30 to 45 days after the last working day of the employee.

Tips on Writing Full and Final Settlement Request Letter

While writing a full and final settlement letter to HR, here are the points which can help you create a perfect draft:

  • Always include the names of the people or parties who are involved in this process.
  • Don’t forget to mention the important dates in your letter
  • Always check for grammatical errors and spelling mistakes.
  • Keep it short and precise

Reminder Letter for Full and Final Settlement to Employer

From:

Achraj Sharma

G-48, Green Apartments

Delhi

Date: July 30th, 2020

To,

The HR Manager

Zenith Technologies Pvt. Ltd.

Delhi

Sub: Issuance of Full and Final Settlement

Dear Sir,

I am writing this letter as a gentle reminder to you in relation with my full and final settlement. Please refer to my letter of resignation, dated june 25th, 2020. Even after the expiry of over 35 days from the date when I resigned, my full and final settlement has not been made which is a matter of serious concern.

I am, therefore, writing this letter in order to request you to complete the process of full and final settlement and have all the dues cleared. I also request you to please share the original statement with me as soon as possible.

Thanking in anticipation.

Sincerely,

Achraj Sharma

Click Here to Download Reminder Letter for Full and Final Settlement to Employer in Word Format

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Posted by Hrformats - July 30, 2020 at 7:45 AM

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Relieving Letter From Group Company

Every year every company has some new faces joining in and some old ones leaving the company. This is quite the sequence for every company every year. If you are the HR manager of your company and you also have some relieving request letters from your employees then you must send formal acceptance letters relieving them from their duties in professional manner.

Here is the example relieving letter to help you write a formal letter on behalf of your group of companies. Use this sample format to create a personalized letter.

Relieving Letter Format From Group Company

Robert Wills

HR Manager

ABC Corporation Pvt. Ltd.

B 15 6th Block
Jackson Street
California

Date: 01.02.2016

Samantha Brown

123 52nd Park Street

California

Dear Ms. Brown,

This is response to your resignation letter dated December 20th, 2015. This is to inform you that the Management has accepted your request for the same and has decided to relieve you from the services of ABC Corporation Pvt. Ltd. as Senior Marketing Executive at the close of your normal duty hours on January 10th, 2016.

The same has been conveyed to the Accounts Department and all the financial formalities that include your full and final settlement etc. will be taken care of once you have submitted your No Dues Certificate. We also appreciate you for the feedback through the Exit Interview. Please find enclosed your Service Certificate with the letter.

If you have any queries and doubts then please feel to get in touch with the HR department.

We wish you all the very best in all your future endeavors.

Robert Wills

HR Manager

ABC Corporation Pvt. Ltd.

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Posted by Hrformats - February 1, 2016 at 12:24 PM

Categories: Reliving Letter Format   Tags: ,

How to reply a Resignation Letter

Resignation and recruitment are two very important processes in a company. When you are working as the HR manager in a company or you are the owner of the organization then you are suppose to be responding to various kinds of requests made by your employees. Resignation letters are one kind of letters that you receive from your employees which must be responded in a formal manner. You have to keep in mind that you have delivered all the information and also that the tone of your letter is professional.

Here are some points which throw light on how to reply a resignation letter. Let us read all the points to ensure a perfect draft.

Acceptance

Assuming that you have received a resignation letter from some of your employee, it is clear that the candidate is not interested in continuing his job. Hence, you must accept his request. But in case, the employee is breaking the contract or is not ready to serve the notice period, then in such a case, you can always reject his application for resignation as you have a strong reason.

Mention About The Last Official Working Day

It is important that you must mention the last working day of the employee in the letter when you have shown the acceptance. You are also suppose to mention the tentative period of pay. All these details are very much essential for making your letter complete in information. In case, the employee is breaking the contract that he had signed while joining the company then you are suppose to be talking about the consequences of breaking the contract by quitting the job before the period mentioned in the contract.

Praise The Candidate

If there are no issues involved with resignation process and if the candidate has genuinely been very good then it is important that you praise his good work, qualities and association with the company in few lines. It is always good to sum up these small things as a good gesture.

Handover of Duties

You can then talk about handing over of duties and responsibilities to a new candidate who is going to replace him. This is optional depending upon the profile and situation.

Last Documents and Company Assets

You can then ask the person to sign the last documents, if any. You can also ask him to submit the company assets, if any, like laptop, mobile phone, credit card etc. before leaving the company with the HR department or any other concerned person.

Expressing Grief

You can also express your grief at the resignation of that person. It is always a formal and good thing to do. It is always appreciated if you end this association on a happy note. It is considered as a nice gesture.

Ask for Exit Interview, if any

If your company conducts exit interview then you can always ask the employee to participate in the process. Give him an option to contact the HR manager or concerned person, if he is interested in seeking the interview. It will always help the relationships stay good.

Wish Luck

The last and the final step is to wish the person good luck in his future ventures to show the optimistic attitude of the company.

Keep all these points in mind while framing an acceptance letter to the request of resignation submitted by an employee of your company. Make sure that you keep the tone of the letter formal and courteous. It is good that you always make the person feel good about the association he has had with the company.

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Posted by Hrformats - May 25, 2015 at 9:28 AM

Categories: Resignation Letters   Tags: ,

Full And Final Settlement Letter Central Excise

Full and final settlement letter central exercise is written for a business purpose and this letter is issued at the time of relieving an employee from a company. Generally, the letter deals with making the complete payment which a company is liable to pay to the concerned employee. The amount of payment depends upon the terms and condition of the company and according which, the payment is made to an employee.

A format of full and final settlement letter is given below. You can add your own information to use the letter as per your requirements. The letter is in word format and if it suits your criteria, you can download it too.

Sample Letter of Full And Final Settlement

To

Mr. Robert Koch

100 Avenue D,
8th Street, Fort Lee,
New York

Subject: Full And Final Settlement Letter

Mr. Koch,

In respect of your resignation application dated on 16.08.2010, the management of our company accepted your resignation and relieves you from the post of software engineer.

As per your service during the notice period, we attached the cheque amount.

Wish you best of luck for your future.

Regards,

James Codie

The letter must contain the amount which is given to the employee and, other than that it should attach all the important details about the employee’s working area so that the concerned person does not have any problem to understand. The full and final settlement worksheet should be attached along with the letter. Generally, it is the payment of working during the notice period in a company. The letter must give an employment detail of the concerned company.

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Posted by Hrformats - October 15, 2014 at 11:13 AM

Categories: Letters   Tags: ,

Final Settlement Letter To Employer

Below is an example Full and Final Settlement Letter Template to Employer you can request to settle the balance.

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Posted by Hrformats - December 3, 2013 at 12:04 PM

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Relieving Letter Format For Employee Free Download

Sample for How to write a Release Letter on behalf of Employer (Company) to employee in word Format.

J.K Corp/HRD/2012-13/016
Oct. 16, 2013

Mr M.K  Khan
Company Secretary
45/1/6 Sarkar Road
Mumbai – 800 458

Dear Sir

This refers to your letter of resignation dated 15/10/2013.

We accept your resignation with regret, and in accordance with your contract with us, you shall be released with effect from the close of working hours of 15/11/2013.

In case you leave us earlier than this date, the consequent shortfall in notice period shall be adjusted from your final settlement.

You will hand over charges to Mr. Dev Manager (Accounts) or any other officer that the Company may designate.

Your exit formalities shall be done in accordance with the laid down process of the Company.

We wish you all the best in your future career.

Please sign the duplicate copy of the letter as a token of hereby received and accepted this communication.

Thanking You,

Your Sincerely
For J.K Corporation Ltd.

M.K Khan

President

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Posted by Hrformats - November 27, 2013 at 3:02 PM

Categories: HR   Tags: ,

Recovery Letter to Exit Employee

I have attached recovery letter to exit employee.

August 1, 2012

Dear Nitin,

 

Please find enclosed herewith your final settlement on separation as per terms of appointment.

We wish to state that you have to pay Rs. 2347/- to the Company on final settlement.  Please arrange to pay the amount immediately to complete your relieving formalities.

The cheque may be made in favor of “_________________” and handed over to our representative at Delhi office.

 

Thanking you,

Yours truly,

 

 Click Here To Download Format for Recovery Letter

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Posted by Hrformats - August 1, 2012 at 6:28 AM

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Full & Final Settlement Format and Exit Interview Format

Find enclosed one of the Sample Format of Exit Interview along with Full & Final Settlement.

Click Here To Download Exit Interview

Click Here To Download Full and Final Settlement Format

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Posted by Hrformats - May 28, 2011 at 8:59 AM

Categories: HR   Tags: ,

How to Set up HR Functions in Newly Started Company?

The HR department is an important part of a company, which looks after many issues associated with the management of a company in an organized way. For a newly started company, it is really tough to design all plans of setting up an HR department and this needs a proper planning that definitely based on the company’s working capacity. You need to focus on some issues related to your company’s policy and according which you can set up HR functions.

An HR department is responsible to plan all the management related issues of a company, from pre-recruitment process to the employee relation and exit formalities. So, the needs of an HR department are essential and you can say that it is the center of all departments that maintains a good liaison between the various segments of a company.

The initial phase of setting up an HR department:

Being the owner of a company, you must be aware of the objectives of your organization that clears your idea to focus on what will be the vision of your HR department. Once you get the answer, you can proceed further.

Pre-recruitment phase:

An HR department handles all the issues in the pre-recruitment phase for which they need to have the idea of each department of a company and according to that, it notes down the number of vacant places in an organization. After completing this analysis process, an HR department should get the approval from higher authority. An HR department should prepare a budget of the recruitment process, including making salary packages of the employee.

Recruitment phase:

An HR department arranges all the recruitment process, including preparing advertisements, scrutinizing and short listing applications for the job opening, communicating with the selected applicants for conducting an interview process and many other things. This department also takes care of the interview process and after that it sends the offer letters to those shortlisted in the interview.

The job responsibilities of an HR team:

Preparing an employee register:

Maintaining employee register is an important task for an employee, especially checking the performance of an employee in his/her field. The register records all the details of the employee both personal and professional so that the management can use the information whenever they need. All the personal records should be prepared for the auditing process.

Preparing employee handbook:

Every company follows an employee handbook which records some rules of the company on the basis of its terms and conditions. The rules describe some issues that all employees should maintain in the work environment. HR department also verifies that the issues stated in the employee handbook compliance with the law of the state or not and need necessary changes if needed to make this a legal document.

Compensation and benefits:

HR department follows the company’s guidelines for deciding the compensation and benefits for the employees. Every company has their own terms regarding calculating the Pf and Gratuity amount. In case, an employee needs compensation, the background should be checked before approving the compensation.

Training and development of appraising performance:

Conducting training process in an organized way is also an important issue that an HR department looks after. After appraising the performance of the employee, they consider which kind of training process can improve their skill that makes them efficient in managing the tough situation. Make necessary arrangements for this training and conduct it professionally.

Maintaining relation with clients and companies:

HR department needs to communicate with other companies and clients to make a good network of the concerned company. It is important to keep your clients updated with the policies and services that take your company ahead in the competition. This thing is also figured out by the HR department of the company. The HR team analyses the business and according which, they find out the clients who prove beneficial for the company.

Maintaining employee relation:

Maintaining employee relation can prove beneficial for a company as employee needs some motivational support that helps them to give the best to the work. Counseling is the process to manage such things; and for this HR, department is needed. Making a good relation with the employee is also part of the working area of an HR department. Employees should be informed any kind of changes in company’s rules and policies through them.

Preparing report:

Producing reports for every project, be it related to the employee or a business deal, is the responsibility of HR team. The assessment of this report is necessary to make a summer and this should be submitted to the concerned department for the final decision. The whole task is performed by the specialized HR team who are skilled in auditing, analyzing, and deciding the right thing for the company.

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Posted by Hrformats - October 15, 2014 at 11:12 AM

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Role & Responsibilities HR Executive in a Company

As for the job role of HR, it all depends. Assuming a very basic role in HR following list shows a few responsibilities of an HR

1. Recruitment –
Understanding manpower requisition from the concerned department.
Understanding the requirement and accordingly drafting a job description and getting it approved from the concerned person.
Sourcing candidates that match the desired skills.
Screening the candidates by conducting telephonic or personal interviews as the case may be.
Encouraging the employees to provide reference for better prospects.
Arranging for technical interview and coordinating with the concerned person.
Communicating the employment status to the applied candidates.
Maintaining and updating the database of the candidates.
Doing a background verification of the shortlisted candidates.

2. Induction and On-boarding
When a particular candidate is finalised and selected, giving him offer letter or letter of intent
On joining the services, issuing appointment letter with brief working agreement or policies.
Giving a description on the policies, procedures and culture followed by the company.
Properly filing relevant document of the new joinee as required.
Introducing him/her to the team and supervisor and/or manager.
Explaining the mode of communication.
Coordinating with the IT team to get his email id made.

3. HR Policies and HR Manual
If the company do not have an HR Manual, drafting the same for the company.
Making or Amending the existing policies and procedures.

4. Attendance and Leave records.
Keeping a track of the attendance of the employees.
Filing the leave forms and keeping a track of the leaves taken.
Seeing to it that there is not much absenteeism on any given day.
Seeing to it that no employee is irregular and if there are such people, taking corrective and/or preventive measures.

5. Performance Management
Helping the seniors do performance appraisal in a better way by adopting better appraisal practices.

6. Employee Engagement
Keeping a track on employee turnover and exit rate.
Taking initiatives to engage the staff to their work.
Taking the surveys in order to understand their engagement level and accordingly take actions.
Planning events or activities regularly or on some occassions, getting those approved by senior management and implementing those.

7. Workforce Management
Handling the staff so that people are not dissatisfied with each other.
Handling cross culture things.
See to it that there is no grouping or no dissatisfied person.
Other employee related issues.

8. Statutory Compliance
Leaves – as per the act that is applicable to you.
minimum salary
pf / esic / medical deductions as applicable
other compliance

9. Exit Formalities
Conducting exit interviews of candidates who are resigning.
Trying to get constructive feedback for company and trying to implement the corrective measures for them.
Helping the person to be relieved properly.
Issuing relieving letter and letter of experience.
Doing the full and final settlement for the person.

10. Compensation and Benefits
Designing the salary structure for employees
Helping employees save tax by advising them on tax benefits plans and other investment options
Calculating the Gratuity, Handling PF accounts, etc.

11. Employee Motivation and T&D/L&D
Many organizations have training sessions for their employees.
You can provide internal training by checking who has what to contribute and accordingly plan a training session.
On the contrary you can also hire trainers with specific skills.
You can also send motivational mails to employee on regular basis.

These are few basic responsibility an HR will have to handle.

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Posted by Hrformats - March 21, 2013 at 3:27 PM

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