Notice period is not waivable, nor can it be reduced

April 11, 2022

Employees are the true assets of any organisation and we at Sharekhan truly value each one of them. While we would love Sherus to continue their employment with us and pursue the partnership with Sharekhan for as long as possible, we do realise that sometimes due to various reasons, some of us also need to part ways with the organisation. Such instances, though bitter-sweet, are a part and parcel of an employee’s journey and we at Sharekhan always strive to make it a smooth experience for all involved.

One of the important processes which helps in this and is applicable to all employees during their exit is the serving of the notice period (applicable to them as per company policy). A notice period is a professional requirement and is the amount of time an employee has to give the company before leaving his/her job. It varies according to the employee’s position, level of seniority and criticality of the role in the organisation, and is not waivable, nor can it be reduced. This is an important duration wherein the employee must delegate his/her tasks and provide a smooth handover to the concerned stakeholders. It also allows the employer adequate time to find a replacement and prepare for the employee’s departure.

Keeping the above in mind, please find below the notice period in Sharekhan as per staff band and grade* for your reference.

Notice period as per staff band and grade

Band / Level Grade Code Probation Confirmation
Vice President V 9 - V 10 30 days 90 days
V 7 - V 8 30 days 90 days
V5 - V 6 30 days 90 days
V 3 - V 4 30 days 90 days
V 1 - V 2 30 days 90 days
Manager M 7 - M 8 30 days 90 days
M 5 - M 6 30 days 90 days
M 3 - M 4 30 days 90 days
M 1 - M 2 15 days 30 days
Executive E 8 - E 9 15 days 30 days
E 6 - E 7 15 days 30 days
E 4 - E 5 15 days 30 days
E 2 – E 3 15 days 30 days
E 1 15 days 30 days
Office Assistant O 1 15 days 30 days

*Note: Any specific agreement on notice period with an individual staff will supersede the general grade-wise notice period policy, which is as follows: 90 days for grades M3 and above; 30 days for grades M2 and below; and 15 days for contract staff.

Important points to note about the notice period policy

  • Every staff is mandated to serve his/her complete notice period.
  • No leaves (paid or unpaid) will be allowed during the notice period. In case a leave is granted, the notice period could be extended by the reporting manager/Human Resources (HR) by the days equivalent to the leave taken.
  • In case the manager and exiting staff mutually agree on an early exit, the recovery for the days of the notice period not served will be deducted from the full & final settlement.
  • Any exceptions to the above, will be at the sole discretion of the HR Department only.

If you have any question, please write to us at hr@sharekhan.com.

Best regards,

Rajesh Shetty
CHRO and Head – Internal Communications and CSR
Sharekhan
Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.
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