Is It Compulsory To Give Bonus - CiteHR
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Hello Sir, I want to understand if the employee is working in ware house are they entitled for Bonus Smita
We are a Proprietorship firm in Financial Consultancy business. I am Financial Advisor. My income is commission from AMCs for selling their mutual fund bonus. We have two employees for back office work who handles back office and does the outside servicing like going to client's house to pick up cheques and forms. Their incomes are 20k pm and 15k pm. We have been giving them diwali bonus every year. The bonus was their one month full salary. But now since sebi has reduced the commission for us advisors, this diwali we gave 50% of their salaries as bonus and this didn't sit well with them. I wanted to know how to tell the employees that what we did was right?

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