When an employee decides to leave their current employer, they are often required to give a certain amount of notice before departure. This notice period is typically outlined in the employee’s contract and can range from weeks to months.
However, in some cases, an employee may want to leave their job before the end of their notice period. This could be for personal or professional reasons, such as accepting a new job opportunity or needing to relocate. An employee may request a buyout of their notice period in these situations.
A notice period buyout request letter is a formal document that an employee can send to their employer asking to be released from their notice period in exchange for a monetary payment. The letter should be well-written, polite, and professional.
Sample Letters for Notice Period Buyout Request
Below is a sample notice period buyout request letter that you can use as a guide when creating your own letter:
Sample Letter-1
[Your Name][Your Address]
[City, State ZIP Code]
[Email Address]
[Today’s Date] [Employer’s Name]
[Company Name]
[Address]
[City, State ZIP Code]
Dear [Employer’s Name],
I am writing to request a buyout of my notice period. As you know, I have been employed at [Company Name] for [X number of years/months], and my notice period is [X number of weeks/months].
The company’s policy requires [X number of weeks/months] notice before an employee’s departure. However, I have been offered a new opportunity that I cannot pass up. I want to leave my position at [Company Name] as soon as possible, but I am willing to compensate the company for any inconvenience caused by my early departure.
I am willing to offer [X amount of money] as a buyout for my notice period. I understand that this amount may be negotiable, and I am open to discussing it further with you.
I express my gratitude for the opportunities and experiences I have had while working at [Company Name]. I have learned a great deal during my time here, and I am grateful for the support and guidance my colleagues and superiors provided.
Thank you for considering my request. I look forward to hearing from you soon.
Sincerely,
[Your Name]
Sample Letter-2
[Your Name][Your Address]
[City, State ZIP Code]
[Email Address]
[Today’s Date] [Employer’s Name]
[Company Name]
[Address]
[City, State ZIP Code]
Dear [Employer’s Name],
I am writing to request a buyout of my notice period. As you know, I have been employed at [Company Name] for [X number of years/months], and my notice period is [X number of weeks/months].
I recently had an unexpected opportunity to relocate to [City/Country] due to family reasons. I must leave my position at [Company Name] as soon as possible. I understand that the company’s policy requires [X number of weeks/months] notice before an employee’s departure. Still, I am willing to compensate the company for any inconvenience caused by my early departure.
I am willing to offer [X amount of money] as a buyout for my notice period. I understand that this amount may be negotiable, and I am open to discussing it further with you.
I want to take this opportunity to express my gratitude for the opportunities and experiences I have had while working at [Company Name]. I have enjoyed my time here and am grateful for the support and guidance my colleagues and superiors provided.
Thank you for considering my request. I look forward to hearing from you soon.
Sincerely,
[Your Name]
Final Words
Please note that company policy, laws, and regulations may vary by country or state, so checking with the HR department or the legal department before sending the letter is essential. Additionally, be prepared to negotiate and have a backup plan if your request is denied.
