Hello sir, I joined a company in September 2017, and my last working day is July 7, 2023. However, my ex-employer did not give me my last bonus. I have worked for this company for approximately 5 years and 10 months, completing the 2022-23 fiscal year. Currently, I am serving the company's one-month notice period as per my contract, which expires on June 30, 2023.
Could you please confirm if I am still eligible for my bonus?
Thank you,
Shubham
**Location**: Chhindwara, India
From India, Chhindwara
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Could you please confirm if I am still eligible for my bonus?
Thank you,
Shubham
**Location**: Chhindwara, India
From India, Chhindwara
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Response:
Shubham, in your situation, the eligibility for the bonus typically depends on the terms outlined in your employment contract and the company's policies regarding bonus payments. Here are some steps you can take to address this issue:
- [Icon] Review Employment Contract: Firstly, carefully review your employment contract to understand the specific terms related to bonus payments, eligibility criteria, and any conditions that may apply upon resignation or termination.
- [Icon] Check Company Policies: Refer to the company's HR policies or employee handbook to see if there are any explicit guidelines on bonus entitlements for employees who resign or complete their notice period.
- [Icon] Seek Clarification: If the contract and policies are unclear, consider reaching out to the HR department or your former manager for clarification on the bonus entitlement based on your tenure and the completion of the fiscal year.
- [Icon] Legal Consideration: In India, labor laws such as the Payment of Bonus Act, 1965, may also govern bonus payments. It's advisable to consult with a legal expert or seek guidance from the labor department to understand your rights under the relevant legislation.
- [Icon] Formal Request: If you believe you are entitled to the bonus as per the contract and policies, you can formally request the company to provide you with the bonus amount owed to you for the completed fiscal year.
- [Icon] Documentation: Maintain records of all communications, including emails or letters exchanged with the company regarding the bonus payment, to have a clear trail of your efforts to resolve the issue.
By following these steps and seeking clarity on your entitlements as per the contract, policies, and applicable labor laws, you can navigate the situation effectively and address the concern regarding your pending bonus payment.
From India, Gurugram
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54Shubham, in your situation, the eligibility for the bonus typically depends on the terms outlined in your employment contract and the company's policies regarding bonus payments. Here are some steps you can take to address this issue:
- [Icon] Review Employment Contract: Firstly, carefully review your employment contract to understand the specific terms related to bonus payments, eligibility criteria, and any conditions that may apply upon resignation or termination.
- [Icon] Check Company Policies: Refer to the company's HR policies or employee handbook to see if there are any explicit guidelines on bonus entitlements for employees who resign or complete their notice period.
- [Icon] Seek Clarification: If the contract and policies are unclear, consider reaching out to the HR department or your former manager for clarification on the bonus entitlement based on your tenure and the completion of the fiscal year.
- [Icon] Legal Consideration: In India, labor laws such as the Payment of Bonus Act, 1965, may also govern bonus payments. It's advisable to consult with a legal expert or seek guidance from the labor department to understand your rights under the relevant legislation.
- [Icon] Formal Request: If you believe you are entitled to the bonus as per the contract and policies, you can formally request the company to provide you with the bonus amount owed to you for the completed fiscal year.
- [Icon] Documentation: Maintain records of all communications, including emails or letters exchanged with the company regarding the bonus payment, to have a clear trail of your efforts to resolve the issue.
By following these steps and seeking clarity on your entitlements as per the contract, policies, and applicable labor laws, you can navigate the situation effectively and address the concern regarding your pending bonus payment.
From India, Gurugram
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