Hi,
I have been working in an IT company for more than 35 months (almost 3 years) and have received an offer where I want to join within 1.5 months. In view of this, I have submitted by resignation (1.5 months before my next joining).
My employment contract mentions that
"After completion of 24 months, the notice period will be two months, of which the employee may purchase upto one month notice period at prevailing salary rates"
I have asked my HR for 1 month notice and purchase of another one month as stated above. But he has replied back saying that option of 'purchase' has to be mutually agreed between employer and employee, in other words, for the purchase to take place, there should be a party willing to sell and a party willing to buy.
I don't expect that my company has intentions to accept buying the notice period even though I am willing to do so. I have couple of questions.
1. I have completely read the contract and the only notice period related clause is what I have mentioned above. Is my HR's interpretation of the clause correct ?
2. If not, then what are the options that I can exercise ? I am located in Hyderabad.
Hoping for a quick response as already 2 weeks have passed since I have submitted my resignation.
Regards,
RK
I have been working in an IT company for more than 35 months (almost 3 years) and have received an offer where I want to join within 1.5 months. In view of this, I have submitted by resignation (1.5 months before my next joining).
My employment contract mentions that
"After completion of 24 months, the notice period will be two months, of which the employee may purchase upto one month notice period at prevailing salary rates"
I have asked my HR for 1 month notice and purchase of another one month as stated above. But he has replied back saying that option of 'purchase' has to be mutually agreed between employer and employee, in other words, for the purchase to take place, there should be a party willing to sell and a party willing to buy.
I don't expect that my company has intentions to accept buying the notice period even though I am willing to do so. I have couple of questions.
1. I have completely read the contract and the only notice period related clause is what I have mentioned above. Is my HR's interpretation of the clause correct ?
2. If not, then what are the options that I can exercise ? I am located in Hyderabad.
Hoping for a quick response as already 2 weeks have passed since I have submitted my resignation.
Regards,
RK
