Are you considering resigning from your current job but don’t want to serve the notice period? There can be various reasons for it such as a new job offer, personal reasons, or a hostile work environment. However, in some cases, you may have to pay compensation for the notice period. In this article, we will discuss how to write a resignation letter payment in lieu of notice and provide you with some examples to help you get started.
A resignation letter payment in lieu of notice is a formal letter that you write to your employer when you want to resign immediately without serving the notice period. It is also known as a notice waiver letter. In this letter, you request your employer to accept your resignation and let you go without serving the notice period. In return, you agree to pay compensation for the notice period as per the terms of your employment contract.
It is important to note that not all companies allow resignation letters with payment in lieu of notice. Therefore, before writing this letter, you should check your company’s policy and employment contract.
Examples
Family Emergency
Dear [Manager’s Name],
I hope this letter finds you well. I am writing to inform you that I will have to resign from my position as [Your Position] effective immediately. Unfortunately, I have been called away due to a family emergency that requires my immediate attention.
As per the terms of my employment contract, I am willing to pay compensation for the notice period. Please let me know the amount and the procedure for the same. I will ensure that the payment is made as soon as possible.
Thank you for understanding my situation.
Sincerely,
[Your Name]
New Job
Dear [Manager’s Name],
I am writing to inform you that I have decided to resign from my position as [Your Position] effective immediately. I have received an excellent job offer, and I would like to pursue this opportunity.
Per our employment agreement, I am willing to pay compensation for the notice period. Kindly let me know the amount and the procedure for the same. I will ensure that the payment is made promptly.
Thank you for the opportunities and support provided during my tenure here.
Sincerely,
[Your Name]
Personal Reasons
Dear [Manager’s Name],
I hope this letter finds you well. I am writing to inform you that I have decided to resign from my position as [Your Position] immediately due to some personal reasons.
I understand that I am required to serve a notice period of [Number of Days] days as per our employment contract. However, due to my circumstances, I am unable to do so. In lieu of the notice period, I am willing to pay compensation as agreed upon in my contract with the company. Please let me know the amount and the procedure for the same.
Thank you for your understanding in this matter.
Sincerely,
[Your Name]
Hostile Work Environment
Dear [Manager’s Name],
I am writing to inform you that I am resigning from my position as [Your Position], effective immediately. Unfortunately, the work environment has become increasingly hostile and unbearable, and it has now become impossible for me to continue working here.
As per my employment agreement, I am willing to pay compensation for the notice period. Kindly let me know the amount and the procedure for the same.
Thank you for the opportunities provided during my tenure here.
Sincerely,
[Your Name]
Medical Reasons
Dear [Manager’s Name],
It is with regret that I am resigning from my position as [Your Position], effective immediately. My doctor has advised me to take complete rest due to a medical ailment, and I must follow his instructions.
As per my employment agreement, I am willing to pay compensation for the notice period. Kindly let me know the amount and the procedure for the same.
Thank you for your understanding in this matter.
Sincerely,
[Your Name]
Job Dissatisfaction
Dear [Manager’s Name],
I am writing to inform you that I am resigning from my position as [Your Position], effective immediately. Unfortunately, I have not been entirely satisfied with my job profile and the work environment, and I have decided to pursue other opportunities.
As per my employment agreement, I am willing to pay compensation for the notice period. Kindly let me know the amount and the procedure for the same.
Thank you for your understanding in this matter.
Sincerely,
[Your Name]
Tips
Check Company Policy
Before writing a resignation letter payment in lieu of notice, it is essential to check your company’s policy regarding this. Some companies may not allow it or may have specific rules regarding the procedure and amount to be paid.
Mention the Reason
While it is not mandatory to mention the reason for your resignation, it is always advisable to do so. It will help your employer understand your situation and may also help you in case you need to request a reference in the future.
Express Gratitude
Irrespective of the reason for your resignation, it is essential to express your gratitude towards your employer and colleagues for the opportunities and support provided during your tenure.
Be Professional
While writing a resignation letter payment in lieu of notice, it is crucial to maintain a professional tone throughout the letter. Avoid being negative or critical about your employer, colleagues, or the company as a whole.
Be Prompt
Once you have decided to resign and have sent the letter, make sure to carry out the process of paying compensation promptly. It will help maintain a good relationship with your employer and leave a positive impression.
Frequently Asked Questions
What is a resignation letter payment in lieu of notice?
A resignation letter payment in lieu of notice is a formal letter that you write to your employer when you want to resign immediately without serving the notice period. In return, you agree to pay compensation for the notice period as per the terms of your employment contract.
Is it mandatory to pay compensation for the notice period?
It depends on the terms of your employment contract and your company’s policy. Some companies may allow resignation letters with payment in lieu of notice, while others may not. Therefore, before writing this letter, you should check your company’s policy and employment contract.
Can I negotiate the amount of compensation for the notice period?
Yes, you can negotiate the amount of compensation with your employer, but it ultimately depends on your company’s policy and the terms of your employment contract.
Do I have to mention the reason for my resignation in the letter?
It is not mandatory to mention the reason for your resignation, but it is always advisable to do so. It will help your employer understand your situation and may also help you in case you need to request a reference in the future.
Should I express gratitude towards my employer in the letter?
Yes, it is essential to express your gratitude towards your employer and colleagues for the opportunities and support provided during your tenure.
How soon should I pay compensation for the notice period?
Once you have decided to resign and have sent the letter, make sure to carry out the process of paying compensation promptly. It will help maintain a good relationship with your employer and leave a positive impression.
Conclusion
A resignation letter payment in lieu of notice is a formal letter that you write to your employer when you want to resign immediately without serving the notice period. It is essential to maintain a professional tone and follow the company policy and employment contract while writing this letter. We hope the examples and tips provided in this article will help you in writing your resignation letter payment in lieu of notice.