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Full & Final Settlement
MPM HRMS captures the entire process in the employee life cycle management, which makes it the perfect system for employee data management. It provides comprehensive employee separation process right from the submission of the resignation letter to the full & final pay-out generation.
The employee self-service log-in has in it resignation letter generation and the work flow takes it over to the next level of approvals and final payout. The notice period, leave encashment, salary advances employee loans if any, are settled against the final payout of the employee and also ensures asset retrieval before the last working day
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