Monthly Archives: August 2010

Notice Period – 3 mths… You must be kidding!!!!

Well, I am not kidding 🙂 This is a common practice now a days. Gone are the days when a candidate could switch jobs easily. Things have changed drastically. Most of the companies have changed their policy regarding Notice Period.

The question is How will it impact employees?.. How will it impact the employers?

Just to give you a background about the meaning of “Notice Period”- A notice period is the amount of time an employee has to give to his employer from the time he decides to quit.
How will it impact employees?

The recession is over (Thank God), Market has opened up, There are lots of openings available, lots of new jobs, Projects etc 🙂 SO!! So, Employees are looking for a change…. Not all, but there is a good size of people looking for a job change.

The average Notice period is 30 – 90days. It might be different for professionals on contract. So, if you are an employee who is looking for a change, and your company has a NP of 60 or 90 days… will it be easy for you to shift.. or do you think the prospective employer will wait for you!!!!!

The answer will be Yes (at times) or NO (Most of the times). The employees might have a tuff time to come out, as companies are asking for them to serve the entire NP. (Buyout options too are very rare) Well… all that I can say as of now is… ALL THE BEST… But… there might be a stage when Employers will wait for 60 – 90 days.. as they might also run out of options in terms of the availability of the resources.

How will it impact the employers?

HMMMMMM Projects, Billable Projects, Clients, Resignations (Retention) … Employers are always hunting for resources to work for their projects. Lots of openings have been available in the job market. As an employer it’s very important to fulfill the positions, and start the billing for the resources placed.

But on the other hand, they are facing difficulties as they cannot afford to wait for 60 – 90 days (for some critical skills). Also even if they wait, there are times when the employees have 2-3 offers in hand by that time.

 People do wait for 3-4 months for a new car…. 🙂 So does it mean that there will be a time when this will be a common practice for Employers to wait for the same!!!!!!! 🙂

The employers have found a way where they can retain / atleast ensure that less resources resign, by increasing the Notice Period…. But does this really help???? YES … MAY BE NO….. DEPENDS……..

Looking forward to your views, comments on the same 🙂

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