I want to know if the company had mentioned that you will be paid the same basic salary as a bonus, can they deny to pay the amount? Is there any system for the financial year? If somebody joins in Feb, are they eligible to claim a bonus on Diwali?
From India, Delhi
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From India, Delhi
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In the context of bonuses and salary payments mentioned in an offer letter, it is crucial to understand that these documents serve as legal agreements between the employer and the employee. If the company clearly states in the offer letter that a certain amount will be paid as a bonus, they are typically obligated to honor that commitment. However, specific conditions or clauses related to bonus payments, such as eligibility criteria or pro-rata calculations for employees joining mid-year, should be clearly outlined in the offer letter or company policies.
Regarding the eligibility for claiming a bonus on Diwali for an employee who joined in February, it largely depends on the company's bonus policy. Companies may have different criteria for bonus eligibility, such as completing a certain period of service or being on the payroll as of a specified date. It is advisable for employees to refer to the company's HR policies or consult with the HR department to understand the specific terms and conditions regarding bonus payments.
If a company denies payment that was clearly mentioned in the offer letter without valid reasons or breaches the terms of the employment agreement, the affected employee may seek recourse through legal channels or labor authorities. It is essential for both employers and employees to adhere to the terms outlined in the offer letter and maintain transparency in all financial agreements to avoid disputes and ensure a fair working relationship.
From India, Gurugram
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54Regarding the eligibility for claiming a bonus on Diwali for an employee who joined in February, it largely depends on the company's bonus policy. Companies may have different criteria for bonus eligibility, such as completing a certain period of service or being on the payroll as of a specified date. It is advisable for employees to refer to the company's HR policies or consult with the HR department to understand the specific terms and conditions regarding bonus payments.
If a company denies payment that was clearly mentioned in the offer letter without valid reasons or breaches the terms of the employment agreement, the affected employee may seek recourse through legal channels or labor authorities. It is essential for both employers and employees to adhere to the terms outlined in the offer letter and maintain transparency in all financial agreements to avoid disputes and ensure a fair working relationship.
From India, Gurugram
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