What is the difference between a bonus and PPPL (Production, Productivity, and Profitability Linked Incentive Scheme)? Is it mandatory to pay a bonus if an employee is paid through PPPL? How is the bonus adjusted with PPPL?
A bonus is a statutory requirement that is mandatory to be paid by every profit-making organization. On the other hand, PPPL is completely linked with production, productivity, and profitability, and is considered an incentive for the employee, which is paid on a monthly basis. Thus, you can't club it together.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute