What is a Relieving Letter?
A relieving letter is an official document which is issued to an employee at the time of leaving the organization. It is a formal way of accepting resignation and letting the employee go with free will.
As per the contents of the relieving letter sample, the employee is relieved from all his/her responsibilities and duties, thereby ending the employment term. Moreover, it states that all the claims pertaining to the employment stand clear and all the dues settled.
A study by Northern Illinois University found that companies with high retention rates make four times more profits than those with high turnover.