Unethical Practices in Compensation
A bout a year back one of my acquaintance joined a private limited company with offices in Mumbai. After several rounds of PI, he accepted the offer to join a senior management position as he was offered a decent package as CTC.
However, to his great surprise, he was given about one third of his entitlement by cheque and the rest in cash. The appointment letter itself mentions Fixed amount and performance based variable amount; but the salary slip mentions only the amount paid by cheque.
The working atmosphere in the company is good but my friend is worried about his career and future prospects in case he has to change his job.
Please suggest a course of action.
A bout a year back one of my acquaintance joined a private limited company with offices in Mumbai. After several rounds of PI, he accepted the offer to join a senior management position as he was offered a decent package as CTC.
However, to his great surprise, he was given about one third of his entitlement by cheque and the rest in cash. The appointment letter itself mentions Fixed amount and performance based variable amount; but the salary slip mentions only the amount paid by cheque.
The working atmosphere in the company is good but my friend is worried about his career and future prospects in case he has to change his job.
Please suggest a course of action.