Working within the labour industry I’ve been asked this question on several occasions: “I have resigned. What am I entitled to?”
My question in response is: “Have you given notice or have you resigned with immediate effect? “
As per the MIBCO Main Agreement, notice could be a week for weekly paid employees, two weeks for monthly paid employees or, depending on your contract with the employer this could also be a calendar month or 30 days’ notice.
If your employer informs you that you do not need to work your notice, they will still need to pay the notice, be sure to cover yourself by getting this in writing.
When you resign with immediate effect you will not be paid notice, as you did not work this period. You will be paid up to the last day you have worked and the employer is entitled to deduct the notice period’s monetary value from your last payment
If you are entitled to a Bonus this will normally be paid pro-rated, depending on the bonus policy and/or contract with the employer.
Furthermore, you will receive accrued leave pay and any other statutory monies owed to you. You are entitled to claim your retirement fund.
In a Nutshell: You will receive notice, accrued leave, pro-rated bonus(if applicable) and any statutory monies due to you..
Remember MISA is a phone call away