Term · Explained
Probation period
An initial period after joining when both sides assess fit before confirmation.
Read more All hr glossary
Employment terms
Notice period
The time between giving notice of resignation or termination and the last working day.
- Topic
- Employment terms
- Read time
- 2 minutes
- Level
- Beginner
- Applies to
- HR teams and employees
What it means
It is set in the employment contract - commonly 30 to 90 days - and lets the employer plan the handover. It may be shortened by mutual agreement or bought out with pay in lieu of notice.
Benefits
- Sets clear expectations from day one.
- Avoids disputes caused by misunderstandings.
- Helps both sides plan.
- Makes contracts easier to read.
Example
- Resignation on 1 March with a 60-day notice period gives a last working day of 30 April.
Related terms
- Buyout
- Garden leave
- Full and final settlement
- Relieving letter
Rates, limits, and rules (for example for pensions, social insurance, and end-of-service pay) differ by country and company and change over time. Treat these as general explanations and confirm the current position where you operate before relying on them.
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Term · Explained
End-of-service benefit (gratuity, severance)
A payment to an employee on leaving after a period of service, called gratuity, severance, or end-of-service pay depending on the country.
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Employee exit and offboarding checklist
A respectful, orderly exit process - resignation, handover, clearances, and full and final settlement.
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