As per our management rules, employees will receive a couple of basic salaries as a festival bonus at the time of festivals. The practice is as follows: for Muslims, one bonus at Eid-ul-Fitr and one at Eid-ul-Azha; for Hindus, at Durga Puja; and for Christians, two bonuses on December 25th.
Eligibility for Festival Bonus
My question is: If someone joins just three days before any festival, or if anyone is in the probation period during any festival, or if anybody has completed their probation period but not completed one year of service in the factory, how is their eligible bonus calculated? This is not specified anywhere.
Hence, if any of you could provide me with a concrete guideline regarding the calculation of payable bonuses for various types of employees, such as management staff, clerical/artisan staff, and laborers, it would help mitigate all these issues related to calculation.
I am eagerly awaiting your reply.
With kind regards
From Bangladesh, Chittagong
Acknowledge(0)
Amend(0)
Eligibility for Festival Bonus
My question is: If someone joins just three days before any festival, or if anyone is in the probation period during any festival, or if anybody has completed their probation period but not completed one year of service in the factory, how is their eligible bonus calculated? This is not specified anywhere.
Hence, if any of you could provide me with a concrete guideline regarding the calculation of payable bonuses for various types of employees, such as management staff, clerical/artisan staff, and laborers, it would help mitigate all these issues related to calculation.
I am eagerly awaiting your reply.
With kind regards
From Bangladesh, Chittagong
Acknowledge(0)Amend(0)
Policy Implementation and Management Consultation
If any management comes out with a rule, and a policy is being drafted regarding the eligibility and other criteria, please go along with that policy to make it simpler. If a policy is not drafted, please do so at the earliest and circulate it to your staff.
Last but not least, speak to the management about your query. If the management is happy to provide the Festival Bonus even to the newcomer, then please follow that. What is the harm?
From India, Ahmadabad
Acknowledge(0)Amend(0)
747If any management comes out with a rule, and a policy is being drafted regarding the eligibility and other criteria, please go along with that policy to make it simpler. If a policy is not drafted, please do so at the earliest and circulate it to your staff.
Last but not least, speak to the management about your query. If the management is happy to provide the Festival Bonus even to the newcomer, then please follow that. What is the harm?
From India, Ahmadabad
Acknowledge(0)Amend(0)
As per the law, the annual bonus is governed by the Payment of Bonus Act, 1965. According to this Act, an employee whose earnings do not exceed Rs.10,000/- is eligible for the payment of the bonus. Payment of the bonus is governed by the formula prescribed in the Act. The other criterion is that a person should have worked for 30 days in an accounting year.
Your query is not clear whether the payment during the festival is in lieu of the Payment of Bonus Act or not. Secondly, if apart from this, you also pay an annual bonus, you can have your own rule.
With regards,
S. Srinivasan.
From India, Chennai
Acknowledge(0)Amend(0)
Your query is not clear whether the payment during the festival is in lieu of the Payment of Bonus Act or not. Secondly, if apart from this, you also pay an annual bonus, you can have your own rule.
With regards,
S. Srinivasan.
From India, Chennai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
TAMIMI LAbor LAw.pdf