Talentsorcerer
Talent Acquisition Expert
Narenderreddyt
Senior Software Engineer
+1 Other

Thread Started by #narenderreddyt

Hi team,
Please give me some suggestions for the below scenario.
Presently am working in Accenture India,
i have gone thru appraisal formalities and expecting hike and hot skill bonus letters by Nov 15 last week, but am resign Accenture October November 1st 2015 and join new organization am ready to serve 90 days’ notice period expecting last working day feb 1st 2016.
Will i receive my appraisal and hot skill bonus letters.
Is there any clause that employees serving notice period are not eligible to receive appraisal letters and hikes?
Please let me know if anyone has faced this kind of situation.
Thanks
27th October 2015 From India, Hyderabad
Narenderreddyt - Appraisal conducted prior to resignation so legal for firm to grant it; in light of resignation firm may decide to withhold a promotion but will have to pay bonus (including hotskill bonus) unless they prove you are not eligible.
Recommend you discuss with your HR / ER team in an even fashion; better chance that you'll get both letters (and payout) with F&F settlement
27th October 2015 From India, Mumbai
Hi Team,
Please Give Me Some Suggestions For The Below Scenario.
Presently Am Working In Accenture India,
I Have Gone Thru Appraisal Formalities And Expecting Hike And Hot Skill Bonus Letters By Nov 15 Last Week, But Am Resign Accenture on November 1st 2015 and Join New Organization am Ready To Serve 90 Days Notice Period Expecting Last Working Day Feb 1st 2016.
Will I Receive My Appraisal And Hot Skill Bonus Letters.
Is There Any Clause That Employees Serving Notice Period Are Not Eligible To Receive Appraisal Letters And Hikes?
Please Let Me Know If Anyone Has Faced This Kind Of Situation.
Thanks
28th October 2015 From India, Hyderabad
Why should the company increase your salary once it knows you are leaving them?
Increment is given for good performance for retaining talent and employee satisfaction. It is not legally binding for the company to do so.
In case of bonus if you are eligible it will be mandatory to pay you that and gratuity also if you have completed 5 years.
But it is better if you discuss with HR for your increment as they are the best person to guide you as per company policy.
28th October 2015 From India, Pune
Hi Narendra
To pay Performance Bonus/incentive to an employee who has submitted his resignation depends on company policy and policy differs from company to company. Philosophically the concept of performance bonus is to reward an individual for his contribution against the targeted Result/Goals. However the subtle objective of performance Bonus is also to provide motivation to individual to sustain/improve the performance year on year.
Conclusion check policy or practice that is being followed at Accenture.
Best Luck
Shailesh Parikh
99 98 97 10 65
Vadodara, Gujarat
28th October 2015 From India, Mumbai
#Anonymous
It depends on the values of the organisation. In my company, even if an employee has resigned and left the company, the performance bonus is pro rated and given to the ex employee as and when it is announced.
The increment is always announced on March 31st effective April 1st. If an employee has resigned before March 31st, then he would not get the increment. But if he resigns on any day after April 1st, then, his increment is given, because the increment letter has been rolled out on March 31st. We honour the commitment which is given in the increment letter.
Despite being a manufacturing sector organisation, which is highly dependent on machines, our management is extremely ethical to its employees and believes that our ex employees must be the ambassadors of the Organisation.
29th October 2015 From Indonesia, Jakarta
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