What Is Notice Period?
A notice period is the period that both an employee and an employer should provide when they are terminating a contract of employment. It enables both sides to make the required preparations; employers can find substitutes, and employees can easily make the transition. The duration of notice among organizations and types of employment is also subject to change, taking two weeks to three months. Observance of the notice period guarantees professionalism, sustenance of relationships and continuity of operations in the workplace.
Examples:
Before leaving the company, she will have to serve a 30-day notice period.
The employer did not maintain his notice period owing to pressing personal matters.
The inability to fulfill the notice period can impact final settlements.
Similar Words:
- Workforce Planning
- Transition Period
- Termination Notice
- Advance Notice
- Exit Duration
