Can anyone suggest to me a scenario where a public or private company is not ready to give an annual increment? Can we take legal action in such a situation? In any public or private company, if they reject or are not ready to provide an annual increment to an employee...
Thanks & Regards, Umesh Kanase
From India, Pune
Acknowledge(0)
Amend(0)
Thanks & Regards, Umesh Kanase
From India, Pune
Acknowledge(0)Amend(0)
There is no law which mandates annual increments for employees. However, all progressive and well-run companies do provide annual increments during annual appraisals, etc. Government/Public Sector Undertakings (PSUs) have annual increments as part of their wage policy. Therefore, the question of taking legal action in the case of a private company does not arise. The Minimum Wages Act is reviewed at six-month intervals, and all companies are required to comply with the stipulated daily wages.
From India, Pune
Acknowledge(0)Amend(0)
3180From India, Pune
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.
Part I Employee Action Analyse.doc
Employee's Compensation Act-2009.pdf