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Home > QFINANCE Dictionary > Definition of notice period

Definition of

notice period

HR & Personnel

time between resignation or dismissal and leaving the amount of time specified in the terms and conditions of employment that an employee must work between resigning from an organization and leaving the employment of that organization

Recommended Further Reading (Term count)
  • Executive Rewards: Ensuring That Financial Rewards Match Performance
    by Shaun Tyson
    Effective management of executive rewards resides at the heart of a network of pressures and issues of central relevance to the management of organizational performance. These pressures can be represented diagrammatically to show how stockholder interests and corporate governance issues impact on business performance, objective setting, the motivation of executives, and the position of the organization as an employer in specific labor markets;...
notice period - Related Articles
  • Executive Rewards: Ensuring That Financial Rewards Match Performance

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    For most directors in the United Kingdom, pay and bonus awards were marginally reduced in the period from 2003. There are a number of possible reasons. Some companies have reduced notice periods for chief executives to around 12 months, which has encouraged more reasonable termination payments
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    Particularly in the European Union, many countries have employment protection legislation in place, making it difficult for companies to fire staff with little or no notice. Companies therefore need to budget for funds to cover periods when they may need to downsize quickly to reduce costs. Garden

  • Leveraged Buyouts and Recession

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    Private equity firms were most active in buying failing firms during the recessions of the 1990s, when there was a good supply of firms in receivership and where bargains were to be found (Figure 7). At other periods, most noticeably the last 10 years, private equity firms have not been the main
    By Louise Scholes, Mike Wright

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Definitions of ’notice period’ and meaning of ’notice period’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’notice period’ and other financial terms with our online QFINANCE Financial Dictionary.

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