Most companies insist on a notice period which the employee has to serve once they resign to join another organisation. However, the hiring firm may not be able to wait a lengthy notice period and offers a bonus to the candidate to cover them for any monetary loss due to notice pay compensation payable to the serving company.
This letter template is available for download in Word format.
In just a few minutes you will be able to create a joining bonus letter with retention clause. This template covers vital information like: