Hi friends i want to know that, are we bound to release the incentive of a person who has resigned from the service, can he claim trough the court of law if we refuse to release it. Amit 9780172013
From India, Amritsar
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From India, Amritsar
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Ethics vs. Legality in Incentive Payments
It is not a question of legality but a question of ethics. If, as per the performance parameters of the company, a person has earned their incentives, then they must receive them. If the company decides not to pay these incentives, then the individual cannot claim them through legal means.
From India, Mumbai
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100It is not a question of legality but a question of ethics. If, as per the performance parameters of the company, a person has earned their incentives, then they must receive them. If the company decides not to pay these incentives, then the individual cannot claim them through legal means.
From India, Mumbai
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Sanjeev & Pon have provided valuable inputs. It is the ethics and values of the company because the employee might have worked hard and supported the company in making business. Ethically, he is eligible for the period he worked for; the company might have given it in writing because, in general, companies will provide written documents regarding the variable pay and incentives. If that type of document is available with the employee, then he may act accordingly.
In addition to the above, by not paying the incentive to the employee, you are raising suspicion/doubt in the minds of other employees who are still with the company, and there is every possibility of a reduction in the productivity of those people. The company's image/reputation is also an issue.
Regards,
Kamesh
From India, Hyderabad
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In addition to the above, by not paying the incentive to the employee, you are raising suspicion/doubt in the minds of other employees who are still with the company, and there is every possibility of a reduction in the productivity of those people. The company's image/reputation is also an issue.
Regards,
Kamesh
From India, Hyderabad
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General Employee of Ethics.doc