Dear Team, I hope most of you are aware about revision of salary structure in some of the IT companies from 90:10 to 70:30 (fixed:variable). My company is also planning to follow the same.
As per my knowledge, we can't reduce the fixed salary to increase the variable component as it's against the law. But I am not sure how other companies are doing it. Can anyone please advice me on this, is it allowed to reduce the fixed component to increase the variable?

From India, Bengaluru

Foundation, advanced and integrative courses in the area of marketing for executives →
Promoted: Program in Marketing & Sales Management from IIM Kozhikode (Explore Course)
Commonly Follwed Precedence is to Implement Any Change with Propective Effect Not Retrospective Effect for the Terms & Conditions of Employment being in the Nature of a Contract, Executed between the Signatories Need to Be Honoured. Trust Deficit is Bound to Tarnish Trusworthiness.
These are my StandPoint I espoused whereever I aided and Advised the Employer/Management.
Harsh K Sharan
Kritarth Team,
1 Dec 2019

From India, Delhi

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →






About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server