Notice Period Buyout Calculator
Calculate the cost of buying out your notice period. Know the exact amount to pay for early exit.
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* அனைத்து கணக்கீடுகளும் தோராயமானவை.
முக்கியம் — முடிவெடுக்கும் முன் படியுங்கள்
- Notice period is a legally binding clause in your employment contract — breaching it can have legal consequences
- Buyout amount is typically calculated as your salary for the remaining unserved notice period days
- Some companies have a strict no-buyout policy and require you to serve the full notice period
- Your new employer may reimburse the buyout cost as a signing bonus or joining bonus — always ask
- Notice periods in India typically range from 30 days for junior roles to 90 days for senior positions
- Garden leave means you're on notice but not required to work — you still receive salary during this period
- A relieving letter from your current employer is critical for joining a new company and for background verification
இவற்றை புறக்கணித்தால் என்ன நடக்கும்?
- Absconding without serving or buying out the notice period can permanently damage your career reputation and references
- Not negotiating the buyout amount upfront may result in paying the full cost from your own pocket
- Delayed joining at the new company due to extended notice can lead to offer withdrawal or strained relations
- Losing variable pay, bonuses, and unvested stock options during the notice period reduces your total compensation
- In extreme cases, employers can pursue legal action for breach of contract if you leave without proper exit
புத்திசாலி குறிப்புகள்
- Negotiate a shorter notice period clause at the time of joining itself — it's harder to change later
- Ask your new employer if they can reimburse the buyout amount as part of your offer package
- Serve as many days as possible to reduce the buyout cost — even partial serving helps significantly
- Check your company's HR policy document for the exact buyout calculation method and eligibility
- Get the buyout agreement, waiver, and relieving date confirmed in writing before making any payment
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