Corporate bonus is part of my CTC which is paid quarterly . I got Corporate bonus for period 1 OCT 2021 - 31 December 2021 in the month of January 2022 Salary .
I had resigned on 21 st January 2022 , The company deducted the paid Corporate bonus after the resignation .
Note : No such rule is mentioned in the offer letter / contract of the employment .
Is this act by the company illegal and can i ask them to pay back the deducted bonus amount ?
I had resigned on 21 st January 2022 , The company deducted the paid Corporate bonus after the resignation .
Note : No such rule is mentioned in the offer letter / contract of the employment .
Is this act by the company illegal and can i ask them to pay back the deducted bonus amount ?
What about the poster’s notice period on resignation - whether he served in full or bought it out?
From India, Salem
6016From India, Salem
Usually the Corporate Bonus ( Profit sharing Bonus/ Retention Bonus ) is paid based on certain conditions may not be disclosed to employee but mentioned in the scheme. Mr. Umakanthan has already raised a question which is also very much valid.
Usual practice is if any employee spent at least one year with the organization, then the Corporate Bonus is paid.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
Usual practice is if any employee spent at least one year with the organization, then the Corporate Bonus is paid.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf