HR Glossary

What is Full and Final Settlement?

The complete financial settlement between employer and departing employee, covering all outstanding dues, deductions, and benefits at the end of employment.

Why it matters in hiring

Full and Final Settlement comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with F

• Form 16
• Free Zone Employment Law (UAE)
• Fringe Benefits
• Fringe Benefits Tax (FBT) (Australia)
• Führungszeugnis (Germany)
• Full and Final Settlement
• Full-Time Equivalent (FTE)
• Fair Work Commission (Australia)

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