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Is notice pay recovery on gross pay or on basic?
Dear all i am working as hrd officer and have to do full and final settlement for 4 quit employees. my question is in full and final settlement is notice pay recovery on gross base or on basic? also need to know according to which defination or act this notice pay deduction happens?
Pay at risk - can anyone tell me about the effectiveness of this compensation scheme?
I am working for a healthcare organization we have a proposal for implementing pay at risk wherein a small percentage of base pay is withheld till the time of employee appraisal. if the performance of the employee is satisfactory then the employee is given the amount deducted earlier from the base pay and to the contrary if the employee s performance is not satisfactory then the employee loses the amount deducted from the base pay. can anyone tell me about the effectiveness of this compensation scheme whether it has been a success and the consequences if any?
Does notice pay deduction should be equal to basic pay or gross pay?
Hi everyone need help in this case the company i work equalize notice period pay with basic pay which means if someone does not has to serve the notice period then he/she has to pay the amount in lieu of notice period which will be equal to basic pay component of salary breakup and vice versa. is this fixed that it should be equal to basic pay or it varies from company to company? as i have seen some organizations deducting the amount on their gross salary or net salary/take home. what exactly constitutes the basic pay the basic pay component of salary breakup or net pay gross considers as basic pay of an employee? it will be really helpful if someone can provide useful insights on this. thanks :
Basic pay fixation rules
I am regular employee of indian oil corp. ltd. my basic pay is reduced after issue of basic pay fixation letter. i have worked in the offciating capacity in the higher pay of ten percent from my existing pay for some time and after due time i got promotion in the same grade.so my earlier pay fixation is done on the increased amount of my ten percent and my real basic. but now the management have refix my basic on normal basic leaving ten percent. i would like to know whether basic once fixed can be reduced or not....
How much to pay to buy out notice period? can i pay only the basic pay?
I am working in a college. as per the appointment order clause i must resign on end of semester and three months notice period to be given or pay the three months salary. my question is can i pay only the basic pay and academic grade pay and not other allowances? please suggest me urgent. as i am being harrased and need a relief. already am becoming ill. please help me
Can gross pay be fixed as basic pay
Dear all employers fix gross pay as basic pay. there is no bifurcation of gross pay. don t want to bifurcate basic conveyance etc. so now a days due to these reason employers are having alternative but employees suffer and the same is accepted by the statutory authority.is it justified mk verma