At the time of my joining in June 2010, it was mentioned in my offer letter that I would receive a certain amount of Rs. X thousand as a retention bonus after completing 4 years with the company. Last year, starting from July 1, 2013, I was on educational leave, which was completely without pay (LOP). I have recently returned to work this month. The HR department is now stating that I am not eligible to receive the retention bonus this year. However, I believe that even though I did not actively work for the company last year, I was still an employee on LOP. Therefore, I believe I should still be entitled to the retention amount.
Please advise.
Thank you.
From India, Varanasi
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Please advise.
Thank you.
From India, Varanasi
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Just my opinion—during the one year you did not contribute to the company, the company adjusted to your wishes to study further, which may benefit you for a lifetime, while you could leave the company at any time. So, I don't think the company is being unfair. By the way, it may have been better to clarify this before going on leave.
From United States, New York
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55From United States, New York
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Effective employee retention strategies-BPO. doc
Employee Retention Tools.pdf