Hi Everyone,
Please suggest on the industry (BPO) practices of bonus percentage which is given yearly.
The Bonus Act says 8.33% of annual Basic+DA. But would like to know best industry practices.
Please note that I am not mentioning about retention bonus/Variable pay. I am mentioning about mandatory bonus as per bonus act.
Thanks,
Pranathi
24th November 2015 From India, Bangalore
Hi Pranathi, Just take month wise Basic + D.A then calculate total amount then calculate 8.33% Regards Kabali.R
24th November 2015 From India, Chetpet
Minimum Bonus amount is 3500 or 8.33% Maximum Bonus amount is 10000 or 20% More than 20% is called Exgratia Regards Kabali.R
24th November 2015 From India, Chetpet
Hi Kabali, Yes. This has been our company’s practice from years. My query was about best practices in the industry. How much % paid by other BPOs? Thanks, Pranathi
25th November 2015 From India, Bangalore
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