Money is around which everything and everybody functions. It is for this money that all of us slog and strain the whole day. But there is a beaming smile inspite of all the strains and tensions on the last day of the month to see your bank accounts going high up in number, right?. This is when you are with your employer and the business you are working with. But what if you are sent out or you quit the job for some reasons? What will happen to your money? How will you get it? This payment that is made to you as an existing employee becomes your last and final payment as an outgoing employee.
In fact, this last payment is going to be bulky because the employee gets to receive all that has been saved by the company for the employee and hence comes to him as a lump sum. This amount includes his actual salary for the month, vacations saved, bonuses, accrued income etc… But if you feel that the company or the business is not doing justice to you in making this payment, then you always have the employment and the labor laws to support out; get help with your final paycheck here.
Similarly, the employers also have certain rules and laws for supporting them in case there is something wrong from the employee`s side. There are a few who might not collect their payment on time or deny collecting it for some reason. In such cases, the company is not bound to pay for the days delayed by the employee. And it also has the right to sue the employee for delaying it for so long.
So there are rules for both the business and its employees supporting each of them at times of crisis. This is very important for all the businesses to function smoothly, ethically and authentically.…