BusinessTimes of India

Labour codes may speed up final salary settlement after resignation

in5points
  1. Under new labour codes, wages upon resignation must be paid within two working days of the exit date.

  2. Full and final settlement often delayed due to payroll cycles, leave balances, reimbursements, and approvals.

  3. The rule applies on resignation, removal, dismissal, retrenchment, or closure of an establishment.

  4. The change directly impacts employees' ability to cover rent, relocation, education fees, or loan repayments after leaving a job.

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