Dear Friends,
I have two queries:
1. If an employee leaves their employment during the middle of the year, are they entitled to a bonus for the period they worked with us?
2. When fixing an employee's C.T.C., we allocate a certain amount as LTA, which will be paid to them by the end of the year. If the employee leaves the organization before completing the year, are they entitled to the LTA amount for the period they worked with us?
Thank you.
From India, Surat
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I have two queries:
1. If an employee leaves their employment during the middle of the year, are they entitled to a bonus for the period they worked with us?
2. When fixing an employee's C.T.C., we allocate a certain amount as LTA, which will be paid to them by the end of the year. If the employee leaves the organization before completing the year, are they entitled to the LTA amount for the period they worked with us?
Thank you.
From India, Surat
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Hi, He is eligible to avail bonus & LTA whatever period he has worked as per the provision of the act. The Bonus eligiblity is minimum 30 days. Best Regards V Sathyanarayanan
From India, Madras
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4From India, Madras
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Dear Deva,
Bonuses have to be paid based on the financial performance of the company and are applicable from April to March of every year. Additionally, any person who has worked for not less than 30 days is eligible to receive a bonus for that particular year.
Cheers,
Trisha
HR Professional
From India, New Delhi
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Bonuses have to be paid based on the financial performance of the company and are applicable from April to March of every year. Additionally, any person who has worked for not less than 30 days is eligible to receive a bonus for that particular year.
Cheers,
Trisha
HR Professional
From India, New Delhi
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Dear Abhilash This is not a forum to sell any HR Related products. Rather this forum is for sharing of knowledge and practices of HR with regards Trisha HR Professional
From India, New Delhi
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From India, New Delhi
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Dear Friends,
As per our leave rules, between holidays and Sundays, leave is not allowed. However, some employees have taken leave on the 16th of August. Can we deduct their pay or leave for two days (16th and 17th of August)?
Kindly guide.
Rakesh Dubey
From India, Raipur
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As per our leave rules, between holidays and Sundays, leave is not allowed. However, some employees have taken leave on the 16th of August. Can we deduct their pay or leave for two days (16th and 17th of August)?
Kindly guide.
Rakesh Dubey
From India, Raipur
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I don't think this is the correct policy of the company. Can we deny leave on a particular day simply on the grounds that there are holidays/weekly off before and after that day - which is beyond the control of the employee? Deduction of salary for two days on this account alone will not be legal.
Regards,
From India, Malappuram
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Regards,
From India, Malappuram
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Amendment to Payment of Bonus Act 2015.jpg
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