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Payment in lieu of notice allows an individual's employment to be terminated immediately without them needing to complete or work their notice period. Instead, the employer pays the exiting employee the amount they would have earned had they worked their full notice period.
I am writing to formally acknowledge and accept your letter of resignation, received on [Date] for the [Job Title] position at [Company], effective [last working date]. [Use this section to express your gratitude and appreciation for the contributions the employee has made to the company.
As an employer, you do not have to respond formally when someone tells you they're resigning but it's good practice to respond in writing. Your response should include: that you've received the employee's resignation.
Steps to Follow While Responding to Resignation Letter Starting with salutation. Salutation acts as a formal greeting and sets out the tone for the rest of the letter. ... Show understanding. ... Express gratitude. ... Discuss next steps. ... Give good wishes and sign off. ... Proofread.
Dear [Employee Name], I am writing to formally acknowledge and accept your letter of resignation, received on [Date] for the [Job Title] position at [Company], effective [last working date]. [Use this section to express your gratitude and appreciation for the contributions the employee has made to the company.