Can u plss suggest on the following:
The mangement of our Company has decided to terminate a few employees by paying them 1months salary in lieu of 1months notice for termination.
however the mangement has decided to pay only the 1 month Basic salary as compensation instead of their last drawn salary inclusive of all allowances. beneifts etc....
Wanted to know whether this is a right course adopted by the mangement...
Is there any act which states that the compensation to be payable in lieu of 1 months notice on termination should be equivalent to the last drawn salary and not only the basic salary???
Thanking you,
Regards
Amita
The mangement of our Company has decided to terminate a few employees by paying them 1months salary in lieu of 1months notice for termination.
however the mangement has decided to pay only the 1 month Basic salary as compensation instead of their last drawn salary inclusive of all allowances. beneifts etc....
Wanted to know whether this is a right course adopted by the mangement...
Is there any act which states that the compensation to be payable in lieu of 1 months notice on termination should be equivalent to the last drawn salary and not only the basic salary???
Thanking you,
Regards
Amita