What can or will a finance company do if you don’t give them your full termination period?
I am supposed to give them a 4 weeks notice but today I am only giving them 3 weeks notice.
What can or are they likely to do about this?
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June 2nd, 2010 at 6:08 pm
Technically they can ask you to pay them 1 weeks wages in lieu of notice…but that is highly unusual.
June 2nd, 2010 at 7:07 pm
Absolutely nothing. Giving a notice is more of a respect thing than anything else. They can’t even legally give you a bad reference with any future potential employers of yours. The only things they are LEGALLY ALLOWED to say is yes, you did work there and for how long.
My suggestion to you is to be respectful in giving your notice. Say something along the lines of “I know it is company policy to give a month’s notice, however, due to my situation, I can only give you three weeks, and I apologize for any inconvenience this may cause.” I don’t think you should have a problem, because its not like you are just up and leaving in one day.
June 2nd, 2010 at 7:54 pm
If you’ve already got a new job, so aren’t bothered about references, there’s not much they can do.
Don’t you have any holiday to take?
You could just be ill for the last week.
They won’t do anything legal if that’s what you’re worried about.
June 2nd, 2010 at 8:46 pm
All they can do is refuse to give you a reference – they can’t give you a bad one, but not giving one at all speaks volumes.
If you work for a large organisation though, chances are the only reference they give anyway is “Mr X worked here from (start date) to (end date)” and this comes from HR rather than from your Manager, so not giving notice is not likely to affect anything.
Since we’re only three weeks from Christmas, unless you’re in a job where they were absolutely relying on you to work the Christmas period which I would imagine is unlikely in a finance company, I bet they won’t be that bothered anyway. Just say something like “I apologise, but I’m unable to give the full four weeks’ notice due to plans that I’ve already made for the Christmas period.”
Firstly don’t stress about it because at least you’re giving three weeks notice – some people don’t bother to even give that much! Secondly, remain calm and polite in talks about it because even though they can’t do anything, this could be the deciding factor as to whether you leave on good terms or not! Remember you never know when you may need people in the future and someone that you work with now could potentially become a future employer.
June 2nd, 2010 at 8:57 pm
In theory, they could take you to court for breach of contract and to claim for any costs incurred (e.g. hiring a temp). In practice this never happens. The main thing you risk is this being mentioned in your reference. It is perfectly legal for them to state that you left without serving your full contractual notice – this is because this would be a fact rather than a subjective opinion. It all depends how a new employer views this as to whether it will affect your employability.
June 2nd, 2010 at 9:11 pm
They can LEGALLY keep all money owed to you since the last pay day AND demand some monry back from you.