The HR unit is usually in charge of handling this process. ![]() Your company policy will dictate if the FnF process happens after you relieve your employees, or just after they have given their resignation. FnF also helps the companies to keep track of resources and privileges allocated to their employees (for example, company laptops) and recover possession of the same before the employee’s last day. These reviews help the organization in evaluating its strengths and weaknesses. This procedure of recovering and paying during resignation is called Full and final settlement.Įxit interviews and feedback surveys are also a part of the FnF settlement in some cases. In this FnF policy, an employee has to be paid for the last working month and tax deductions & bonus earnings. It is a process of calculating different payable dues to an employee who is leaving, retired, or removed from an organization. What is The Full and Final Settlement (FnF)?įnF Settlement is also known as the Full and Final Settlement.
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