Notice period to be served as per appointment letters/contracts on either side
Contents News/Article Date:6th July 2023
Relating to which Act: The Indian Constitution grants the Central and state governments the powers to enact laws to protect the employees and foster a professional work environment. Based on the industry, nature of the work, number of employees in the company, location, and more, there are various legislations like the Industrial Disputes Act 1947 (ID Act), Factories Act 1948 (Factories Act), and Shops and Establishment Acts in relevant states (S&E Act).
Applicable to which State: Labour Law Acts and Rules and Judgements as apply to all States
Type: Mint News Report
Pertains to: Establishments and Employees
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing, and Regulatory Compliances right from its inception in 2004 since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has set up its offices in UK, USA, UAE, Canada and South East Asia and is fully into providing solutions for workplace issues, employment law advice, immigration and negotiation, representation in employment tribunals and involvement in leading cases, addressing HR issues in line with Labour Laws, payroll, staffing and talent acquisition.
And in this instance
MUMBAI: India Inc. is reverting to extended notice periods of 2-3 months as a retention measure due to mounting difficulty of sourcing candidates from the market. Companies from across sectors told Mint that long notice periods following the hiring frenzy allow organizations ample time to groom replacements.
Subject: Notice period to be served as per appointment letters/contracts on either side
Appended is the complete news item
Long notice periods are back
While some are reverting to longer notice periods, others are becoming more stringent, with some implementing it across hierarchies. (Mint)
MUMBAI: India Inc. is reverting to extended notice periods of 2-3 months as a retention measure due to mounting difficulty of sourcing candidates from the market. Companies from across sectors told Mint that long notice periods following the hiring frenzy allows organizations ample time to groom replacements.
In recent years, firms had curtailed their notice periods so that they could poach talent from competitors and swiftly on-board them.