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Meaning & Definition

Employee Clearance

Employee Clearance is also known as FNF (Full and Final) settlement happens when an employee resigns, is expelled or retires from the job. Clearances have to be obtained from departments like finance, admin, HR etc regarding paychecks, gratuity EPF clearances from the company’s side before an exit. If the employee is using a company laptop or any other asset, he/she is required to give it back to the asset management team.

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