What happens when a company terminates an employee?
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When a company terminates an employee in India, it shows that the hiring agreement between the company and the employee has stopped. Poor performance, illegal behavior, redundancy, or restructuring are all possible causes for this happening.
In India, an employee’s termination is subject to the country’s labor laws and regulations. This includes giving the employee a formal notice of termination and paying all due salary, benefits, and rights. Failure to follow these laws may result in legal implications for the company.
Termination of a job can have major financial and emotional consequences for the fired employee. To avoid any possible legal issues or negative publicity, companies need to handle terminations kindly and professionally.