FINAL SETTLEMENT
WITHOUT THE SPREADSHEET
When an employee leaves, TeamUp gathers gratuity, leave encashment, provident fund and other dues into one settlement, approved by the line manager and HR.
Every leaver paid correctly
Settlement uses the same salary, leave and PF records as payroll, so nothing has to be recalculated by hand.
Request from the phone
The employee submits a settlement request with a description and up to three attachments, such as a formal application and clearance.
Line manager, then HR
The request goes to the line manager first and then HR, with notifications at each step.
Right people, right requests
Employees see their own requests, managers see their team's, and HR sees everyone's.
Gratuity
Worked out from your gratuity policy: years of service needed, share of basic salary and maximum amount.
Leave encashment
Unused paid leave across all years of service, valued against basic salary up to the limit you set.
PF and other dues
Employee and vested company PF, plus earnings and deductions, brought together on one screen.
Settlement document
Produce the settlement document for the employee file.
Settlement reports
Filter settlements and export them to Excel or PDF.
Settlement questions
Still have questions?
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The employee's line manager approves first, then HR.
Gratuity, leave encashment, provident fund and other earnings and deductions from the employee's records.
Yes. You set the years of service needed, the share of basic salary and the maximum amount. We recommend checking your policy with your legal adviser.