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Meaning of Notice

Posted on: 24th Jul, 2013 12:25 am
Well, I received a “wages in lieu of notice”. What does it actually mean?
Hi Guest,

Wages in lieu of notice are wages that are paid or are payable by an employer to a concerned employee. There will be an employment agreement, a statutory requirement or a uniformly applied company policy that requires the employer to give the employee a definite period of notice before a lay off or separation.

Thanks,

Jerry
Posted on: 24th Jul, 2013 01:48 am
Hi Guest!

Welcome to the forums!

During the period of notice, the employer is required to pay the employee a sum equal to his regular wages. If not that, then an amount computed in accordance with a formula which is based on the employee's past earnings.

Feel free to ask if you've further queries.

Sussane
Posted on: 24th Jul, 2013 09:03 pm
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