What support does an EOR provide during the termination process?

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The termination process through an Employer of Record (EOR) requires careful management to ensure legal compliance, maintain professionalism, and protect both employer and employee interests. An EOR provides comprehensive support throughout this sensitive process, helping organizations navigate the complexities of employee termination while minimizing risks.

Comprehensive Termination Support

An EOR offers extensive assistance in managing the entire termination process, including:

Documentation and Legal Compliance

  • Review of employment agreements
  • Preparation of termination notices
  • Compliance verification with local labor laws
  • Documentation of termination reasons
  • Exit interview management

Financial Settlement Management

The EOR handles all aspects of final settlements, including:

Component Calculation Basis Timeline
Final Salary Pro-rated basis Last working day
Leave Encashment Unused leave balance Within 48 hours
Gratuity 15 days per year 30 days post-exit
Notice Period Pay As per contract Final settlement

Communication Support

The EOR facilitates clear communication throughout the termination process:

  1. Initial Notification
  • Guidance on timing
  • Template preparation
  • Legal review of communications
  • Support during discussions
  1. Ongoing Communication
  • Regular updates to all parties
  • Documentation of conversations
  • Management of queries
  • Coordination with stakeholders

Post-Termination Support

Administrative Tasks

  • System access revocation
  • Asset recovery management
  • Benefits termination
  • Documentation completion

Employee Support Services

  • Career transition guidance
  • Reference letter preparation
  • Benefits continuation information
  • Unemployment assistance

How Wisemonk Can Support You in the Termination Process?

With Wisemonk’s expertise as a dedicated EOR in India, managing terminations becomes a streamlined and compliant process. Wisemonk ensures that terminations are handled with full legal compliance in India, managing every aspect from calculating severance packages to ensuring complete documentation. We work to make the offboarding experience as smooth as possible for your employee while safeguarding your company’s legal interests. Wisemonk can handle local labor law nuances and ensure a consistent approach to terminations, helping you maintain a positive employer reputation.