Dear All, I would like to bring a prospect for a discussion.

There was a Senior management employee who joined a company and worked with it for about 4 months. His performance was found to be good, however, due to his interest in another sector of business. He has left the company. The company has agreed with him a salary along with variable pay (10% of Salary) at the time of his joining. During his tenure of 4 months, there was no KPI has been set, as he was under probation period. The employee has submitted his resignation on his third month of employment and served his notice period as per the terms agreed in the appointment order.

The point that arises here is does he eligible for the variable pay on a prorated basis or he is not eligible for such payment.


KK!HR
1031

Since reportedly the agreement was for paying variable pay @ 10% salary, it is payable as the performance has been felt to be good. Framing of KPI is a management activity and that cannot be made as a reason for non-payment of variable pay.
From India, Mumbai

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
Privacy Policy Disclaimer Terms Of Service





All rights reserved @ 2021 Cite.Co™

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