Why do Indian companies have 3 months notice period?
“The three-month notice period can work in favour of the employees too. In a situation where an employee has to be laid off, the employee gets economic security. In that case, the three months’ notice period is an economic burden for the company,” Parthasarathi tells TNM.
Can I get job if I have 3 months notice period?
If it is 3 months, it is 3 months. I think you should update it as 1 month of notice period Coz most of the companies not accept notice more than 35 days . (by updating it 1 month you will receive fluent job calls.)
What companies have 3 months notice period?
Further, the report said that Tata Consultancy Services, Infosys, Tech Mahindra, HCL Technologies, Capgemini, Accenture and IBM had a three-month notice period in place. The Indian IT sector, and its employees, will not escape this predicament either.
What is the average notice period in India?
India: 90 days, and furthermore non-negotiable Almost all IT firms in India have made a mandate for their employees to serve a notice period of 90 days which is non-negotiable most of the times.
Why do companies have 3 months notice period?
Why 3 months notice period – In India, IT companies (most of these are service based organizations) have Billing per hour revenue model for every IT employee they provide. Now when one of the employees decides to quit, company needs to find his/her replacement before that employee leaves to avoid break in revenue.
Why do Indian companies have long notice periods?
But why do organisations have long notice periods? Many organisations believe that long notice periods deter other potential employers from seeking out their employees due to the wait time. Secondly, they also believe a long notice period ensures enough time for work transition.
Can employer forced notice period in India?
The Company’s policies and procedures are the supplementary aspects. The constitution of India provides the fundamental right to every person to choose the profession of his choice and any agreement contrary to this is invalid. The Company cannot force you to serve the entire notice period.
Do you legally have to work your notice?
Despite work etiquette and standards, there are no laws requiring employees to give any notice, let alone two weeks, before quitting. Sure, contracts exist that if breeched could impact compensation or trigger a lawsuit, but there aren’t any legal protections when an employee decides to leave.