Hi sir
I'm working in private general insurance company. I had submitted my resignation. My supervisor ask me to serve for 45days notice period. During my notice period im laking to do my targets on last 15days. On the over all I have completed 125% of my yearly target. Now superior saying if I fail to my targets during this days. (And also they have doubled my target this time) they will hold my settlement and they have extend my notice period further 45days. Kindly suggest me what I havr to do. Im totally stressed and restless.
I have been working for this company past four and half years. During these periods I have completed my assigned targets. Pls suggest me
From India, Chennai
I'm working in private general insurance company. I had submitted my resignation. My supervisor ask me to serve for 45days notice period. During my notice period im laking to do my targets on last 15days. On the over all I have completed 125% of my yearly target. Now superior saying if I fail to my targets during this days. (And also they have doubled my target this time) they will hold my settlement and they have extend my notice period further 45days. Kindly suggest me what I havr to do. Im totally stressed and restless.
I have been working for this company past four and half years. During these periods I have completed my assigned targets. Pls suggest me
From India, Chennai
Dear Kuberanandh
For appropriate suggestion experts may need some additional information such as:
• How is your salary is defined (Fixed % + Variable %)
• Your appointment letter clause of Separation Notice period or in lieu of Notice (Basic/gross salary)
• How your sales incentives are calculated, monthly or quarterly.
• Have you received your last quarter achieved incentives, or its paid in next quarter.
In absence of all above information by keeping some assumptions
You have always choice of giving 1 days notice or 45 days notice (balance will be deducted as per appointment letter clause) it is always suggested to serve alteast 30-45 days notice period, so that handover-takeover can be done easily. Looking into your service period of 4.5 years, it is not advisable to leave early.
Looking in to your situation, situation is not favourable, where you missed on last 15 days target where your targets are doubled; this is normal practice in general insurance companies. Estimate what you will gain and what you will lose.
All issues can be solved with proper discussion, while this crucial conversation, please be polite and always refer to your past good performance, achievements and overall contribution to the company, and promise for good performance in remaining 30 days (i.e. out of 45 which you have already served 15 days). Explain to HR & immediate supervisor why targets are missed with proper justification, assure performance over remaining 30 days and smoothly have separation from the company, so that they give you good reference in future.
Please note that company will not deduct fixed salary in case you serve full notice (target and achievement is irrelevant for fixed salary, it will be considered only for variable salary, which is completely depend on the targets)
HR Department
BrainLight HR Solutions
From India, Mumbai
18For appropriate suggestion experts may need some additional information such as:
• How is your salary is defined (Fixed % + Variable %)
• Your appointment letter clause of Separation Notice period or in lieu of Notice (Basic/gross salary)
• How your sales incentives are calculated, monthly or quarterly.
• Have you received your last quarter achieved incentives, or its paid in next quarter.
In absence of all above information by keeping some assumptions
You have always choice of giving 1 days notice or 45 days notice (balance will be deducted as per appointment letter clause) it is always suggested to serve alteast 30-45 days notice period, so that handover-takeover can be done easily. Looking into your service period of 4.5 years, it is not advisable to leave early.
Looking in to your situation, situation is not favourable, where you missed on last 15 days target where your targets are doubled; this is normal practice in general insurance companies. Estimate what you will gain and what you will lose.
All issues can be solved with proper discussion, while this crucial conversation, please be polite and always refer to your past good performance, achievements and overall contribution to the company, and promise for good performance in remaining 30 days (i.e. out of 45 which you have already served 15 days). Explain to HR & immediate supervisor why targets are missed with proper justification, assure performance over remaining 30 days and smoothly have separation from the company, so that they give you good reference in future.
Please note that company will not deduct fixed salary in case you serve full notice (target and achievement is irrelevant for fixed salary, it will be considered only for variable salary, which is completely depend on the targets)
HR Department
BrainLight HR Solutions
From India, Mumbai
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Notice of Employee Change.doc