BusinessTimes of India
Labour codes may speed up final salary settlement after resignation
in5points
Under new labour codes, wages upon resignation must be paid within two working days of the exit date.
Full and final settlement often delayed due to payroll cycles, leave balances, reimbursements, and approvals.
The rule applies on resignation, removal, dismissal, retrenchment, or closure of an establishment.
The change directly impacts employees' ability to cover rent, relocation, education fees, or loan repayments after leaving a job.