Hi,
We have a performance linked bonus included in our CTC. This is equivalent to one months gross salary. and we said it is payable at the end of the year along with their appraisal.
an employee left the company in december 2010. and while doing the final settlement, the company did not take bonus into the F&F.
the question is
1) should the company pay this bonus since it is a part of the CTC?
IF yes. what is the basis. If "NO" What is the basis for not paying it
We have a performance linked bonus included in our CTC. This is equivalent to one months gross salary. and we said it is payable at the end of the year along with their appraisal.
an employee left the company in december 2010. and while doing the final settlement, the company did not take bonus into the F&F.
the question is
1) should the company pay this bonus since it is a part of the CTC?
IF yes. what is the basis. If "NO" What is the basis for not paying it