HR Glossary

Employee Clearance

Employee clearance also known as FNF (full and final) happens when an employee resigns or expelled or retiring from the job. He has to take clearance from every department like finance, admin, HR etc. about his paychecks given, gratuity EPF all cleared from the company’s side before he takes an exit. If he is using company laptop or any other asset, he is required to give it back to the asset management team.

A government certified clearance form is made to fill by the exiting employee wherein he agrees that he has received all his legal, financial and non-financial dues by the company and has submitted all vital company belongings back to the company. Such clearances are vital for the employee and employer alike as if not done properly can cost both the parties legally or financially.