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.
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Contractual Notice Period
2
Contractual notice periods are agreed upon in employment contracts.
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Probationary Notice
3
During the probationary period, both employers and employees have the flexibility to terminate the employment relationship with shorter notice periods.
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Dismissal without Notice
4
In exceptional circumstances, employers may dismiss an employee without notice.
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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.
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Fixed-term Contract
6
A fixed-term contract has a predetermined end date or is linked to the completion of a specific task.
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Redundancy Notice
7
Redundancy notices are issued when an employer needs to reduce their workforce due to economic reasons, technological advancements.
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Withdrawing Notice
8
In some cases, an employer or employee may decide to withdraw a previously issued notice.
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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.
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