Salary Payment Issues in a Private Limited Company
I am working in a private limited company in Bangalore with around 100 employees. I joined in February when they were launching a new business line. I was part of a small team of four. Initially, the business was thriving, exceeding targets by 200% to 300%. Our daily sales target was $150, but we were consistently achieving $300 to $450. However, in mid-March, the company faced payment issues due to sharing the payment gateway with another dubious business. Despite this, we continued working until the business could no longer operate by mid-April. The company withheld our March salaries, citing payment delays from the client they shared the gateway with.
Repeated promises of imminent salary release were made by management, but only 40% of the March salary was paid in the third week of April. Requests for the pending arrears were met with the same assurances of payment in a few days. They even had us file a police complaint against the client for delaying payment, which led to no resolution. In early May, we demanded either immediate settlement of arrears or release from duty. The management assured us of payment and compensation for the delay, asking us to take a week off and return to a resolved situation.
Upon returning, we found no work or calls for three days. Despite promises of compensation and resolution, no progress was made. Today, on June 9th, they paid 33% of the March salary, leaving 27% of March and full April and May salaries outstanding. They now propose a revised payment plan of Rs. 8000 every ten working days until July end, after which regular payments would resume in August. This new plan contradicts their earlier commitments and would result in underpayment for the coming months.
I am in financial distress, unable to meet credit card payments or loan EMIs for three months due to this situation. I seek guidance on how to address this issue. The problem seems isolated to our team, as other teams are paid promptly, with management citing a separation of businesses within the company.
Thank you.
Regards
I am working in a private limited company in Bangalore with around 100 employees. I joined in February when they were launching a new business line. I was part of a small team of four. Initially, the business was thriving, exceeding targets by 200% to 300%. Our daily sales target was $150, but we were consistently achieving $300 to $450. However, in mid-March, the company faced payment issues due to sharing the payment gateway with another dubious business. Despite this, we continued working until the business could no longer operate by mid-April. The company withheld our March salaries, citing payment delays from the client they shared the gateway with.
Repeated promises of imminent salary release were made by management, but only 40% of the March salary was paid in the third week of April. Requests for the pending arrears were met with the same assurances of payment in a few days. They even had us file a police complaint against the client for delaying payment, which led to no resolution. In early May, we demanded either immediate settlement of arrears or release from duty. The management assured us of payment and compensation for the delay, asking us to take a week off and return to a resolved situation.
Upon returning, we found no work or calls for three days. Despite promises of compensation and resolution, no progress was made. Today, on June 9th, they paid 33% of the March salary, leaving 27% of March and full April and May salaries outstanding. They now propose a revised payment plan of Rs. 8000 every ten working days until July end, after which regular payments would resume in August. This new plan contradicts their earlier commitments and would result in underpayment for the coming months.
I am in financial distress, unable to meet credit card payments or loan EMIs for three months due to this situation. I seek guidance on how to address this issue. The problem seems isolated to our team, as other teams are paid promptly, with management citing a separation of businesses within the company.
Thank you.
Regards