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"variables adding in salary structure"
Hi all greetings of the day i have to design the salary structure of employees and have to add following variables; 1 loyalty bonus 2 festival bonus e.g. diwali bonus 3 performance bonus i want to know specifically how much percent contributes of the basic salary to the loyalty bonus festival bonus performance bonus. kindly assist me in designing the salary structure with mentioned above variables.
Eligibility under payment of bonus act - what we take basic or total gross. kindly suggest
Wage definition under the payment of bonus act 1965 house rent allowance not under the exclusion clause then how come excluded from bonus wage. it seems incorrect.
Accumulation of retention bonus - management transfered me to another organization?
Respected seniors i am working with a manufacturing firm and at the time of joining there was one component in my salary structure as retention bonus of rs. 3000/ per month paid after 3 years. now i have been moved to another organisation with same md who runs both the ventures. my question is am i eligible for the amount of retention bonus which have been accumulated as i worked for 11 months and it was the decision of management to transfer me along with some more employees to this organisation thanks and regards
Publishing our bonus structure - hr initiative
Does anyone have any thoughts about publishing the bonus structure so that everyone in the company can see everyone elses? my company has the bonus or economic value added eva on our job descriptions. we wanted to publish our job descriptions for everyone but are worried about our eva being on them and wanted to see if anyone else has ever had such an issue.
Retention bonus as one component in monthly salary structure?
Hi all i need one help / advice. we have a start up company. we noticed that people leave the organization without serving the notice. to retain the employee we have added the retention bonus in the ctc but it doesn t work. we have put the retention bonus as one component in monthly salary structure and deducting some amount from the gross salary. ex : 20000 is the salary so we are paying 19000 and one thousand is showing under deduction. which will be paid after an year including same amount from employer as well so the total retention bonus will be 24000 on completion of year. will it be fine or there will be some legal issue? please suggest.
Esi on bonus
Dear seniors in pharma industry can we pay esi on bonus? bonus is one of the breakups in our salary structure. does this differ from state to state? kindly help me out whether or not bonus can be put in the salary breakup. please help me. saran