The Employee Resignation And Termination Policy is essential for organizations operating in Singapore to effectively manage employment separations while ensuring compliance with local regulations. This document becomes necessary as organizations grow and require standardized procedures for handling employee exits. It incorporates requirements from Singapore's Employment Act, Fair Consideration Framework, and MOM guidelines, covering aspects from notice periods to final settlements. The policy helps organizations maintain consistency in handling resignations and terminations while minimizing legal risks and ensuring fair treatment of employees.
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Key Requirements PROMPT example:
Employee Resignation And Termination Policy
"I need an Employee Resignation And Termination Policy for my Singapore-based technology startup with 50 employees, focusing particularly on protecting our intellectual property during employee exits and ensuring smooth knowledge transfer procedures."
1. Purpose and Scope: Defines the objective of the policy and who it applies to within the organization
2. Definitions: Key terms used tHRoughout the policy including types of termination, notice period, garden leave, etc.
3. Notice Period Requirements: Details of required notice periods for different employee categories as per Employment Act and company policy
4. Resignation Procedures: Step-by-step process for submitting and processing resignations, including documentation requirements
5. Termination Procedures: Comprehensive process for different types of termination including with cause, without cause, and mutual separation
6. Final Settlement: Process for calculating and paying final settlements including salary, unused leave, and other benefits
1. Garden Leave: Provisions for garden leave during notice period, typically used for senior positions or roles with access to sensitive information
2. Post-Employment Restrictions: Non-compete and non-solicitation clauses for senior employees or those with access to confidential information
3. Retrenchment Procedures: Specific procedures for retrenchment exercises, relevant for larger organizations or those likely to undergo restructuring
1. Schedule 1 - Notice Period Table: Detailed table showing notice periods for different employee categories and positions
2. Schedule 2 - Exit Interview Form: Standard form template for conducting exit interviews
3. Schedule 3 - Handover Checklist: Comprehensive checklist for returning company property and handover of duties
4. Schedule 4 - Final Settlement Calculation Template: Template for calculating final payments including pro-rated benefits, leave encashment, and other entitlements
Authors
Relevant legal definitions
Termination
Resignation
Notice Period
Garden Leave
Cause/Just Cause
Gross Misconduct
Final Settlement
Exit Interview
Handover Process
Company Property
Confidential Information
Effective Date
Last Day of Employment
Employee
Employer
Retrenchment
Summary Dismissal
Poor Performance
Probation Period
Exit Clearance
Central Provident Fund (CPF)
Annual Leave
Pro-rated Benefits
Severance Pay
Retirement Age
Re-employment
Exit Documentation
Non-Compete Obligations
Non-Solicitation
Restrictive Covenants
Resignation
Notice Period
Garden Leave
Cause/Just Cause
Gross Misconduct
Final Settlement
Exit Interview
Handover Process
Company Property
Confidential Information
Effective Date
Last Day of Employment
Employee
Employer
Retrenchment
Summary Dismissal
Poor Performance
Probation Period
Exit Clearance
Central Provident Fund (CPF)
Annual Leave
Pro-rated Benefits
Severance Pay
Retirement Age
Re-employment
Exit Documentation
Non-Compete Obligations
Non-Solicitation
Restrictive Covenants
Clauses
Purpose and Scope
Notice Period Requirements
Resignation Process
Termination Process
Final Settlement
Confidentiality
Return of Company Property
Exit Procedures
Garden Leave
Performance Management
Gross Misconduct
Summary Dismissal
Retrenchment
Retirement
Death in Service
Post-Employment Obligations
Non-Competition
Non-Solicitation
Dispute Resolution
Exit Interview
Handover Requirements
References
Final Payment Calculation
Leave Settlement
Benefits Termination
CPF Obligations
Documentation Requirements
Communication Protocol
Data Protection
Record Keeping
Severance Payments
Amendments and Updates
Compliance with Law
Notice Period Requirements
Resignation Process
Termination Process
Final Settlement
Confidentiality
Return of Company Property
Exit Procedures
Garden Leave
Performance Management
Gross Misconduct
Summary Dismissal
Retrenchment
Retirement
Death in Service
Post-Employment Obligations
Non-Competition
Non-Solicitation
Dispute Resolution
Exit Interview
Handover Requirements
References
Final Payment Calculation
Leave Settlement
Benefits Termination
CPF Obligations
Documentation Requirements
Communication Protocol
Data Protection
Record Keeping
Severance Payments
Amendments and Updates
Compliance with Law
Relevant Industries
Relevant Teams
Relevant Roles
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