Dear Experts,
Need your view on the below points:
1. Can any organization (registered under Company Act) deduct employee fixed salary (agreed by both the party as employment agreement) without the consent of the employee?
2. If the situation is lockdown, like April'20 to July'20 then?
3. If the company is from medical/ healthcare segment and had a production growth of more than 3000% and business growth of 500% comparing the the FY2019-20, can they do salary cut?
4. During April'20-July'20 few employees paid 100% salary those who are close to the management and others (general employees) got 50% fixed salary, is it acceptable by law?
5. Regarding variable pay (which is performance linked) for the FY2019-20, can Company has the authority to not to pay, when few employees received it and few are not!!! You may assume that performer received the payment, but if anyone is not performer is it need to be communicate to the employee that you are not a performer hence you will not get it; when it is clearly agreed by both the party during appointment.
Need your valuable suggestion/ guidance on the above please.
Regards,
Paul
Need your view on the below points:
1. Can any organization (registered under Company Act) deduct employee fixed salary (agreed by both the party as employment agreement) without the consent of the employee?
2. If the situation is lockdown, like April'20 to July'20 then?
3. If the company is from medical/ healthcare segment and had a production growth of more than 3000% and business growth of 500% comparing the the FY2019-20, can they do salary cut?
4. During April'20-July'20 few employees paid 100% salary those who are close to the management and others (general employees) got 50% fixed salary, is it acceptable by law?
5. Regarding variable pay (which is performance linked) for the FY2019-20, can Company has the authority to not to pay, when few employees received it and few are not!!! You may assume that performer received the payment, but if anyone is not performer is it need to be communicate to the employee that you are not a performer hence you will not get it; when it is clearly agreed by both the party during appointment.
Need your valuable suggestion/ guidance on the above please.
Regards,
Paul