How to process Final settlement

Resignation / Final settlement

It refers to the process through which an employer and an employee resolve all financial and administrative matters when the employee is leaving the organization. This typically occurs when an employee resigns, retires, or is terminated from their job. The specific steps and components of final settlement may vary depending on local labor laws and company policies.

The Resignation / Final Settlement page in the SPARC allows you to view, Add and delete the resignation/final settlement process of the employees.

To view the Resignation / Final Settlement page, Login to SPARC > Functions > Click on HR > Resignation / Final Settlement.

1. Login to SPARC as HR
2. Open the Resignation / Final Settlement menu. The screen opens like below