Archana
3 years ago
I am working in textile shop in above 18 month but some reason I am resigning he is pay bonus to all workers I am also asked but he is not pay can I able to go labour court
Adv. Sarika Khude
Responded 3 years ago
A.There is sign-on bonus that is usually paid in monthly instalments or as a lump sum. There are few questions for you..need to talk
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Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.which kind of bonus.
bonus is not a right until and unless it is guaranteed in contract.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
bonus is not a right until and unless it is guaranteed in contract.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
There are a few varieties of Bonus that companies in India deal with.
There is sign-on bonus that is usually paid in monthly instalments or as a lump sum. If it is a lump sum amount most probably the hiring policy would call out that you will need to pay back the lump sum if you are leaving within a year and 1-2 months from the date of joining.
If the lump sum is towards 2 years, then the policy would be usually up till then. If the bonus is paid on a monthly basis, you will probably lose out what is due to you in the last month and the subsequent months after resignation.
If your Bonus is performance based, and if you were on the notice period during the month your Bonus was due, it should be paid to you as a part of full and final settlement. If however, your Bonus is due in say June and you left by April, the company has the right to not pay you the Bonus. The requirement here being, performance linked Bonus is paid only when the employee is on role when the Bonus amount is due.
In general, companies act weird with employees leaving and I have seen the best of the companies act weirder as soon as they know that you are leaving. Be prepared for the worst where even the salary is not paid in the last few months since some companies use it as a security deposit to ensure that you don't disappear or non deliver stuff in the last few months.
There are a few varieties of Bonus that companies in India deal with.
There is sign-on bonus that is usually paid in monthly instalments or as a lump sum. If it is a lump sum amount most probably the hiring policy would call out that you will need to pay back the lump sum if you are leaving within a year and 1-2 months from the date of joining.
If the lump sum is towards 2 years, then the policy would be usually up till then. If the bonus is paid on a monthly basis, you will probably lose out what is due to you in the last month and the subsequent months after resignation.
If your Bonus is performance based, and if you were on the notice period during the month your Bonus was due, it should be paid to you as a part of full and final settlement. If however, your Bonus is due in say June and you left by April, the company has the right to not pay you the Bonus. The requirement here being, performance linked Bonus is paid only when the employee is on role when the Bonus amount is due.
In general, companies act weird with employees leaving and I have seen the best of the companies act weirder as soon as they know that you are leaving. Be prepared for the worst where even the salary is not paid in the last few months since some companies use it as a security deposit to ensure that you don't disappear or non deliver stuff in the last few months.
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A.hi,
There are a few varieties of Bonus that companies in India deal with. I can talk about that if it helps although I am not aware if your question is specific to a different country.
There is sign-on bonus that is usually paid in monthly instalments or as a lump sum. If it is a lump sum amount most probably the hiring policy would call out that you will need to pay back the lump sum if you are leaving within a year and 1-2 months from the date of joining. If the lump sum is towards 2 years, then the policy would be usually up till then. If the bonus is paid on a monthly basis, you will probably lose out what is due to you in the last month and the subsequent months after resignation.
If your Bonus is performance based, and if you were on the notice period during the month your Bonus was due, it should be paid to you as a part of full and final settlement. If however, your Bonus is due in say June and you left by April, the company has the right to not pay you the Bonus. The requirement here being, performance linked Bonus is paid only when the employee is on role when the Bonus amount is due.
In general, companies act weird with employees leaving and I have seen the best of the companies act weirder as soon as they know that you are leaving. Be prepared for the worst where even the salary is not paid in the last few months since some companies use it as a security deposit to ensure that you don't disappear or non deliver stuff in the last few months.
There are a few varieties of Bonus that companies in India deal with. I can talk about that if it helps although I am not aware if your question is specific to a different country.
There is sign-on bonus that is usually paid in monthly instalments or as a lump sum. If it is a lump sum amount most probably the hiring policy would call out that you will need to pay back the lump sum if you are leaving within a year and 1-2 months from the date of joining. If the lump sum is towards 2 years, then the policy would be usually up till then. If the bonus is paid on a monthly basis, you will probably lose out what is due to you in the last month and the subsequent months after resignation.
If your Bonus is performance based, and if you were on the notice period during the month your Bonus was due, it should be paid to you as a part of full and final settlement. If however, your Bonus is due in say June and you left by April, the company has the right to not pay you the Bonus. The requirement here being, performance linked Bonus is paid only when the employee is on role when the Bonus amount is due.
In general, companies act weird with employees leaving and I have seen the best of the companies act weirder as soon as they know that you are leaving. Be prepared for the worst where even the salary is not paid in the last few months since some companies use it as a security deposit to ensure that you don't disappear or non deliver stuff in the last few months.
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