We are having a workforce of approx 400 employees at different locations all accross India ,we are following the minimum wages ,PF & ESI compliances etc.Now our management wants to revise or reduce the salary structures in 50% fixed and 50% variable ratio ,for example if an employee is getting 10000 CTC 50% of his salary will be fixed 50% will be payable as incentive looking at his performance .
Please advise as soon as possible what should be my plan of action to explain my management .Above all is it legal to follow the above mentioned process?
Pankaj Sindri :(
Please advise as soon as possible what should be my plan of action to explain my management .Above all is it legal to follow the above mentioned process?
Pankaj Sindri :(