I am in comp A. I got a new offer from a company B, where B offers me just 5% hike in basic salary, whereas Special allowance is 105% hike. I somehow have a strong feeling this is a trap. But my annual CTC overall has a good hike though. Can someone advice how safe it is to accept this offer from B?
From Netherlands
From Netherlands
Hello hanumanr,
Suggest first check out about the Company B from the Credibility angle. If you can, try to to meet some employees AND ex-employees--and check out on how they treat employees & about their basic nature--intangible factors basically. The inputs you get from this exercise would lead you to a more accurate response from your end.
In principle, you MAY be right with you feeling--but unless you mention 'why would they like to trap you', at least from your perspective, it would be tough to take a call on this aspect.
All the Best.
Rgds,
TS
From India, Hyderabad
1641Suggest first check out about the Company B from the Credibility angle. If you can, try to to meet some employees AND ex-employees--and check out on how they treat employees & about their basic nature--intangible factors basically. The inputs you get from this exercise would lead you to a more accurate response from your end.
In principle, you MAY be right with you feeling--but unless you mention 'why would they like to trap you', at least from your perspective, it would be tough to take a call on this aspect.
All the Best.
Rgds,
TS
From India, Hyderabad
Hello Mr.Hanumanr
If the special Allowance is higher than basic salary , it is to your disadvantage that your gratuity will get tumbled in as much as the special callowness is considered as salary for the purpose of calculation of gratuity . On the contrary if it is called DA , then it will become part of salary ( basic Plus DA) entitling you to have the gratuity calculated on a sum( salary) comprising of Basic salary and DA.
In fact the fixation of special allownace in such huge proportion ( higher than Basic salary) is act of camouflage and subterfuge circumvent laws and deprive the employee of his gratuity and other statutory and other benefits linked basic salary
Senprithvib6
From India, Chennai
If the special Allowance is higher than basic salary , it is to your disadvantage that your gratuity will get tumbled in as much as the special callowness is considered as salary for the purpose of calculation of gratuity . On the contrary if it is called DA , then it will become part of salary ( basic Plus DA) entitling you to have the gratuity calculated on a sum( salary) comprising of Basic salary and DA.
In fact the fixation of special allownace in such huge proportion ( higher than Basic salary) is act of camouflage and subterfuge circumvent laws and deprive the employee of his gratuity and other statutory and other benefits linked basic salary
Senprithvib6
From India, Chennai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Maharashtra Special allowance Notification July 14 to Dec 14.pdf