What are the 9 Types of Notice Period in 2023?

Statutory Notice Period

1

Statutory notice periods are mandated by law and ensure a fair termination process for both employers and employees. 

Contractual Notice Period

2

Contractual notice periods are agreed upon in employment contracts.

Probationary Notice

3

During the probationary period, both employers and employees have the flexibility to terminate the employment relationship with shorter notice periods.

Dismissal without Notice

4

In exceptional circumstances, employers may dismiss an employee without notice.

Payment in Lieu of Notice (PILON)

5

PILON refers to the compensation provided to employees when their employment is terminated without serving the notice period.

Fixed-term Contract

6

A fixed-term contract has a predetermined end date or is linked to the completion of a specific task.

Redundancy Notice

7

Redundancy notices are issued when an employer needs to reduce their workforce due to economic reasons, technological advancements.

Withdrawing Notice

8

In some cases, an employer or employee may decide to withdraw a previously issued notice.

Notice Period for Resignation

9

When an employee wishes to resign from their position, they are required to serve a notice period as specified in their employment contract.