loginsiva
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.


PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Loginsiva
Hr Generalist
KK!HR
Management Consultancy

KK!HR
1530

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
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2023 CiteHR

All Copyright And Trademarks in Posts Held By Respective Owners.