If you are a job seeker or fresh graduate, you are going to search for a job you need to read and know a lot of information about the notice period meaning for a job.
What is the notice period meaning?
The notice period meaning is the amount of time that the employee has to give to his company before his resignation.
It’s also the amount of notice that an employer has to give an employee before their contract is terminated.
An employer can also choose to leave the employee earlier than what the contract says, be careful that if this happens you may be able to claim unfair dismissal.
Notice Period Meaning
The notice period meaning is the amount of notice that an employee has to give their company/employer before resigning. It’s also the amount of notice an employer or a company needs to give an employee before the termination of their contract.
How much time do I need to give notice before leaving?
You must check and make sure about your contract, what’s inside it, you have to check the duration of your contract (one year, two years, etc).
After checking your contract to find out how much notice you need to give if your contract doesn’t make it clear.
If you have been employed for one month or more the minimum to give notice is one week. But if you have checked your contract and found the notice period is clear then you have to give the notice at this time.
If you are in a very senior role, think about what the industry standard might be for someone in your position.
What notice you are entitled to?
- One month to two years: You should give one week’s notice.
- Two or more than two years: You must give one week notice period for every year worked (max 12 weeks).
If you have worked for five years in any company so you will give 5 weeks’ notice.
The most common notice period is (1 Month to 3 Months)
What is pay in lieu of notice?
When you give your employer the notice period before leaving, you will receive a payment in lieu of notice, this is a one-off payment given in place of your notice.
But your company or employer can only do this if your contract says so or you agree to it. If it isn’t and you don’t want this you can work through this period instead.
-You will receive the one-off payment immediately, this will be the same amount you would have gained by working during your notice period.
-If your resignation period was one month and your employer offered you pay in lieu of notice, you would be compensated for a month’s salary.
-This would also cover your holiday entitlement like commission and compensation for the loss of benefits such as personal use of company car.
What is the meaning of ‘leave garden’?
During your notice period, your employer can ask you not to work at the office, you can work at home or at any place else rather than a company. This is called ‘leave garden’ and it happens with seniors only.
It protects the employer by restricting your access to clients, colleagues. And this doesn’t mean that you are on holiday or vacation you have to be ready if your employer changes his mind and needs you back to the office or to return to work at the company.
Your contract with the company may have some terms that you cannot work with the competitors, have contact with customers, or smart similar business for a period of time after you leave your company terms like these are called (Restrictive covenants).
At this point we are talking seriously if you broke the terms of the contract, the company can send you to court.
How do I hand in my notice?
Though it seems like a relatively simple process to hand in your notice; if done wrong, it might cause a potentially awkward situation.
Here are our tips on how to do it, to make sure you do it right:
- Put it in writing
- Make sure to include the essentials (your name, date, position, your manager’s name, when the resignation will take effect, the reason for the resignation, and your signature)
- Be constructive and professional with your reasoning
- Thank your employer
- Tie up any loose ends
What you are entitled to during the notice period?
You are entitled to take the same salary as before during your notice period. Even if you are sick or on holiday, or on maternity so you are entitled to the same things as you are working.
If your employer gives you less notice period that you are legally entitled so in this case try to talk to your manager and solve the problem informally.
How to tell your notice of resignation
In order to communicate your resignation in a professional way, please ask to meet to submit a formal letter to your supervisor. Companies will keep your resignation letter in their files so that they can use it for their own HR documentation and if you need references in the future.
For resignation letters, follow these guidelines to draw up a professional letter:
Keep the resignation letter short.
Mention why you are leaving and when your last day of work will be.
List only positive reasons for leaving. You’ll want to keep a positive relationship with your employer after you move on.
Thank your employer for your time with the corporation and offer to help with any transitions.