How to manage the team which is to be downsized ? * Urgent (

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Hi All,
The organisation would be paying compensation for 2 months . Should the team send a resignation letter with the last working day as mentioned from our end ?
What is the other way to close this ? What are the points to be followed ?

TIA

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Hi @Pavitraa ,

If the organization will be paying compensation for 2 months instead of requiring the employee to work during that period, there are a few options to consider:

  1. Resignation Letter: The employee can submit a resignation letter indicating their last working day as per the organization’s mentioned end date. This formalizes the separation and allows for proper documentation.
  2. Mutual Agreement: The organization and the employee can reach a mutual agreement regarding the separation terms. This can involve discussions on the last working day, compensation, benefits, and any other relevant details. Both parties should clearly communicate and come to a consensus.

Points to be followed in this process may include:

  1. Reviewing Employment Contracts: Refer to the terms and conditions outlined in the employment contract or any relevant policies regarding resignation and compensation.
  2. Communication: Ensure open and transparent communication between the employee and the organization. Discuss the compensation package and the process for finalizing the separation.
  3. Documentation: Maintain proper documentation of the mutual agreement or resignation letter for future reference and to ensure clarity on the terms agreed upon.
  4. Compliance: Adhere to any legal requirements or labor laws applicable in your jurisdiction regarding compensation and separation processes.

It’s important to consult with relevant stakeholders, such as HR or legal departments, to ensure that the process aligns with organizational policies and legal obligations.

Regards,

Deepak

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Thank you. This really helps.

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