F & F Specialist
2 weeks ago
Roles and Responsibilities:
- Calculate and process full and final settlements for employees leaving the company (resignation, termination, retirement, etc.).
- Ensure accurate and timely calculation of various components like salary, leave encashment, bonus, incentives, gratuity, provident fund (PF), and other applicable dues as per the companys policies.
- Deduct outstanding dues, loans, or advances as per the settlement agreement.
- Prepare and manage all necessary documents related to employee separation, including experience letters, relieving letters, no-dues clearance, and other statutory forms.
- Ensure compliance with labor laws, company policies, and statutory regulations (e.g., tax laws, gratuity, PF, and insurance).
- Ensure adherence to timelines and legal requirements for full and final settlements.
- Act as a point of contact for employees during the offboarding process, addressing queries related to final settlements and providing clarity on calculation and disbursement.
- Maintain accurate records of full and final settlements in the HRMS (Human Resource Management System) or relevant database.
- R closely with the payroll, finance, and legal teams to ensure smooth execution of the final settlement processR
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