Resigning from a job can be difficult, but sometimes it’s necessary to move on to new opportunities. However, when resigning with short notice, it’s essential to understand the implications of your decision on both yourself and your employer. One of the critical considerations in this situation is whether you will be entitled to payment in lieu of notice.
What is Payment in lieu of notice (PILON)?
Payment in lieu of notice (PILON) is a form of compensation that an employee may be entitled to receive when their employment is terminated before the end of their notice period. This can happen when an employee resigns with short notice or when an employer terminates an employee’s employment without notice.
In most cases, PILON is not a legal requirement and is at the employer’s discretion. However, if your employment contract includes a PILON clause, then you may be entitled to receive this payment if you resign with short notice. Reviewing your employment contract and speaking with your employer to understand whether you’re entitled to PILON is essential.
When writing a resignation letter, it’s essential to be clear and professional. Be sure to state your last day of work and the reason for your resignation. If you’re entitled to PILON, you should mention this in your letter. It’s essential to be honest and transparent with your employer about your intentions and to give them as much notice as possible.
It’s also important to note that if you resign with short notice, you may be required to repay any outstanding company benefits or bonuses. Be sure to discuss this with your employer and understand any potential financial implications of your decision.
Sample Resignation Letter Short Notice Payment Lieu
[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 inform you that I have decided to resign from my position as [Your Position] at [Company Name]. My last day of work will be [Date].
I understand that my resignation may cause inconvenience to the company. Still, I assure you that I will do everything in my power to ensure a smooth transition and to assist in finding a replacement.
As stated in my employment contract, I am entitled to Payment in Lieu of Notice (PILON) for resigning with short notice. I request that the company honors this clause and provide me with the PILON as outlined in the contract.
I want to thank you and the entire team at [Company Name] for the opportunities and experiences I have gained during my time here. I will never forget my time at this company with fondness.
Please let me know if there is anything else that I need to do before my last day of work.
Thank you for your understanding.
Sincerely,
[Your Name]
Final Words
In summary, resigning with short notice can impact both you and your employer. Understanding your employment contract and any potential financial implications of your decision is essential. If you’re entitled to PILON, mention it in your resignation letter and discuss it with your employer. Be honest, and professional, and give as much notice as possible.