Respected all,
Kindly guide me, as I have a query related to the transfer of gratuity between two sister companies. If an employee joined Company A in 2015 and has now been transferred to Company B in 2023, what will happen to their gratuity? Does the company have to pay off their gratuity before transferring them to Company B?
Please guide.
From India, Nagpur
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Kindly guide me, as I have a query related to the transfer of gratuity between two sister companies. If an employee joined Company A in 2015 and has now been transferred to Company B in 2023, what will happen to their gratuity? Does the company have to pay off their gratuity before transferring them to Company B?
Please guide.
From India, Nagpur
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As both companies are different entities, you can either clear his dues at Company A, including Gratuity, or issue the employee a letter stating that "for the purpose of Gratuity, his Date of Joining (DOJ) with Company A will be considered," so that once the employee is relieved from Company B, he will receive the Gratuity for the entire period.
From India, Madras
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1015From India, Madras
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HR-Policy-036 - Employee Transfer Policy - 11-10-2013.pdf
Steps to transfer PF amount.jpg