Hello Members,
My Query is regarding joining bonus and notice period
I have joined a Company in March 2015 as Business Analyst in Bangalore, the company offered me the joining bonus of Rs. 50,000, it's been mentioned in the offer letter that if you leave the company before completing 1 year, you have to refund the bonus as applicable. The official notice period in this organization is 2 months, It's been 8 months since I joined this organization, now my question is - if I look for new opportunity next month (January) and convert the offer as and then. Will I be liable to refund the entire joining bonus to company, as I am completing 1 whole year of employment (including notice period of 2 months ) in March
Kindly Suggest
Thanks
From India, Bengaluru
My Query is regarding joining bonus and notice period
I have joined a Company in March 2015 as Business Analyst in Bangalore, the company offered me the joining bonus of Rs. 50,000, it's been mentioned in the offer letter that if you leave the company before completing 1 year, you have to refund the bonus as applicable. The official notice period in this organization is 2 months, It's been 8 months since I joined this organization, now my question is - if I look for new opportunity next month (January) and convert the offer as and then. Will I be liable to refund the entire joining bonus to company, as I am completing 1 whole year of employment (including notice period of 2 months ) in March
Kindly Suggest
Thanks
From India, Bengaluru
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Hi Buddy, The one year mentioned in the offer letter exclude your notice period, so you have to serve till march. With Regards Mr.Thumbs Up
From India, Chennai
104From India, Chennai
Hi Saurabh,
Please refer the process manual in your organization, which will have details on the same. Most companies who give joining bonus will have similar clause, however it is purely the sole discretion of the employer whether the mentioned 12 months is inclusive or exclusive of the notice period.
From India, Bangalore
Please refer the process manual in your organization, which will have details on the same. Most companies who give joining bonus will have similar clause, however it is purely the sole discretion of the employer whether the mentioned 12 months is inclusive or exclusive of the notice period.
From India, Bangalore
Notice period.jpg
Notice Period Extension Letter Format.doc
Public Notice from Government of Maharashtra Department of Labour Bonus payment through banks on.pdf