HR Glossary   >   Employee Clearance

Employee Clearance

What is Employee Clearance?

Employee clearance is the initial part of the FNF (Full & Final) settlement process that occurs when the employee resigns, retires, or is terminated from the job. The employee generally obtains clearances from finance, admin, HR, and the other concerned departments of the company regarding paychecks, gratuity EPF clearances, etc., before exit. It also includes the returning of all the assets held by the employee during the work tenure.

Request Free Trial