Explanation:
Notice periods, typically outlined in employment contracts, vary depending on the job role, seniority, and country-specific labor laws. They help maintain continuity and give both parties time to prepare for the change.
Practical Example of a Notice Period:
In the UK, an employee with a standard employment contract has a notice period of one month before leaving their job, during which time they continue working and assist with transitioning their duties to a colleague or successor.