Buyout Policy

The total Buy-Out amount payable to the candidate's current employer should not exceed the sum of the candidate's

• 1-month current monthly compensation

• 2 months current monthly compensation

• 3 months current monthly compensation

Anything above the guideline of buy out exceeding 2 months of monthly compensation, you will need to obtain additional approval from

• from CFO

• from HOD

• from CFO and HOD of the respective department.

The bond: The candidate shall be bonded for a period of

• 1 year from the date of joining the AirAsia Group of companies

• 6 months from the date of joining the AirAsia Group of companies

• no bond applies

Bond: Should the candidate leave AirAsia before completing 1 year, he/she will be required to pay

• 100% of the total buyout amount paid.

• 50% of the total buyout amount paid.

• no payment needed

approval process: Prior to initiating the approval process, the hiring manager must obtain written approval from HOD and submit it to the recruiter.

It is the recruiter’s responsibility to obtain written approval from the hiring manager before initiating the buyout process.

• Correct

• Incorrect

Approval process:

Recruiter submit proposal for Buy-out to Head, Recruitment (if the amount is 2 months or less) and/or CHRO (if the amount is 2 months or more). After that, approval is routed to Head, Rewards

• Correct

• Incorrect

Upon Head, Rewards / CHRO approval, who submits proposal for Buy-out to CFO / Finance Manager for approval?

• recruitment head

• recruiter

• rewards

• CHRO

Who informs HOD / Hiring Manager on the approval/rejection from CFO/Finance manager, and then raise AskPAC to People Connection

• rewards

• head of recruitment

• recruiter

• candidate

Who will verify documents and amount approved by CFO / Finance Manager before raising an internal service request (ISR) with vendor registration, payment type (16 days), bank details, and attach the candidate’s resignation letter to confirm payout process?

• SBP

• People Connections

• CHRO

• Head of recruitment

People Connection to send the screenshot of final approval email as attachment to what team, along with the ISR number, to process payment.

• esker team

• askpac team

• benefits team

• recruitment team