Hi Everyone,
I need some urgent help. My notice period is 90 days but my offer letter clearly states that I have a buyout option, now the HR is saying that I cannot take buyout. In this situation what can I do?
I urgently need to leave the company.Infosys Tata Communications Tata Consultancy Wipro Cognizant
It all depends upon Project Manager, if he/she says they do not need you then keeping you on Bench and paying is not worth.
I had same issue of 90 days and I got early release coz my project manager agreed with my work and date. HR won't keep you and you can get early release.
I am also in the same race bro,there is no outcome till now.we seems to be the puppet everyone wants to play with that.
What's the lol thing in this?
List of liabilities
Are you sure about the clause mentioned in your offer letter? Try to see if you can find "on company's discretion" or something similar.
Usually, it also depends on the fact that whether or not you're engaged in a project. If yes, you are still earning profit for the organization in which case, they might not agree for any buyouts. Because buyouts are still based on your monthly salary for the remainder of time, not what they're charging the client for you as a resource, which is never a good deal for them.
Why I am saying so, I used to work for Infosys, and had to serve the full notice period because I was working on a project. Things might be different in case people are on bench, because then it'll be a liability and they'll definitely see to it that those people get relieved early.
Then you know, the choice to agree on it is theirs.
Do you want to work in IT industry in future?
If no, you can just stop showing up for work. Now, this option is a bit risky, I agree, because you'll be in breach of contract.
Typically, in this case, the company will refuse to provide work experience/ reference letter or even if you do get it, your actions will be clearly mentioned in that. The impact will be on future employment.
One of my friends did exactly this as he was fed up with his team lead's attitude. So one day, he came to office, shook everyone's hands except the team lead and said goodbye.
Friend to TL : "Bye, main kal se nahi aa rha"
TL : "Why? What happened?"
Friend: **walks out the door without a word**
But he had a govt. job offer in hand so he really didn't give a s**t about notice period or the experience letter.
Another way out would be medical reason which I believe you're already working on.
What is buyout option?
Buyout has its own conditions. You can opt for it only when your employer is ready to. And the billing that you get is much more than your salary. And your current employer needs to find a replacement for you. Its not as easy as i will pay 3 months salary and you relieve me.