Hello,
This is w.r.t full and final settlement of employee.
Performance bonus was one of the component of my CTC. I've left the organization before completion of an year.generally performance bonus are pain on pro data basis but my employer is refusing to do so..
Can anyone guide me for it..is their any law for it.
This is w.r.t full and final settlement of employee.
Performance bonus was one of the component of my CTC. I've left the organization before completion of an year.generally performance bonus are pain on pro data basis but my employer is refusing to do so..
Can anyone guide me for it..is their any law for it.
Hi Abhijit, What is the payment clause of the performance bonus mentioned in your appointment letter?
From India, Bangalore
476From India, Bangalore
First you letter of appointment is to be considered. Thereafter, accordingly you can demand your dues.
From India, Kolkata
From India, Kolkata
Performance bonus is always at discretion of management.
It does not matter whether it was in your CTC.
CTC is meant mostly to make a fool of you and to show more than what you are guaranteed and mostly less than what you get in hand.
If you have left the company, the management is under no obligation to give you the bonus. Why should they ? Bonus is meant to incentivise you. You left, why should they incentivise you ?
From India, Mumbai
It does not matter whether it was in your CTC.
CTC is meant mostly to make a fool of you and to show more than what you are guaranteed and mostly less than what you get in hand.
If you have left the company, the management is under no obligation to give you the bonus. Why should they ? Bonus is meant to incentivise you. You left, why should they incentivise you ?
From India, Mumbai
It states.. performance bonus will be paid after evaluation by management at the end of the year..
I've joined in 25 june 15 and left organization on 15 June 2016
Previous company paid performance bonus on pro data basis.
I've joined in 25 june 15 and left organization on 15 June 2016
Previous company paid performance bonus on pro data basis.
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Full n final settlement.doc