Dear All,
I am working in a PVT LTD company under shops and establishment ACT, Bangalore. The issue is regarding the late payment of the salary occuring after the recession period. I will brief the procedure, to help you for a suggestion.
1. The attendance will be freezed by 25th of every month.
2. The attendance and salary reports will go for auditing by 28th.
3. The auditing report will be received by the month end or 01st or 02nd of the subsequent month.
4. The final report will be sent to the finance team for payment with in 2 days time.
From here the delay starts. The company had a practice of paying the salary between 07th to 08th of the succeeding month after the salary period. But now most of the times it reach a time after 15th and sometimes on 25th of the succeeding month.
Is there any law against the late payment of the salary? As an HR, how can I educate the company management on the same!! Please suggest all the possible solutions
I am working in a PVT LTD company under shops and establishment ACT, Bangalore. The issue is regarding the late payment of the salary occuring after the recession period. I will brief the procedure, to help you for a suggestion.
1. The attendance will be freezed by 25th of every month.
2. The attendance and salary reports will go for auditing by 28th.
3. The auditing report will be received by the month end or 01st or 02nd of the subsequent month.
4. The final report will be sent to the finance team for payment with in 2 days time.
From here the delay starts. The company had a practice of paying the salary between 07th to 08th of the succeeding month after the salary period. But now most of the times it reach a time after 15th and sometimes on 25th of the succeeding month.
Is there any law against the late payment of the salary? As an HR, how can I educate the company management on the same!! Please suggest all the possible solutions