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Notice Period

Definition

The time duration an employee must serve between submitting resignation and their official exit from the organisation.

Context & Importance

Provides employers time to manage knowledge transfer, handovers, and initiate replacement hiring.

Use Cases

• 30-day notice period in most Indian companies.
• Buyout options available based on company policy.

Related Concepts

Exit process, full and final settlement, resignation.

TankhaPay Relevance

Track notice periods, calculate buyouts, and auto-initiate full and final settlement workflows.