Corporate bonus is part of my CTC, which is paid quarterly. I received a corporate bonus for the period of 1st October 2021 to 31st December 2021 in the month of January 2022 salary.
I resigned on the 21st of January 2022, and the company deducted the paid corporate bonus after my resignation.
Note: No such rule is mentioned in the offer letter/contract of employment.
Is this action by the company illegal, and can I ask them to repay the deducted bonus amount?
Acknowledge(0)
Amend(0)
I resigned on the 21st of January 2022, and the company deducted the paid corporate bonus after my resignation.
Note: No such rule is mentioned in the offer letter/contract of employment.
Is this action by the company illegal, and can I ask them to repay the deducted bonus amount?
Acknowledge(0)Amend(0)
What about the poster’s notice period on resignation - whether he served in full or bought it out?
From India, Salem
Acknowledge(0)Amend(0)
6185From India, Salem
Acknowledge(0)Amend(0)
Usually, the Corporate Bonus (Profit-sharing Bonus/Retention Bonus) is paid based on certain conditions that may not be disclosed to the employee but are mentioned in the scheme. Mr. Umakanthan has already raised a question, which is also very much valid.
The usual practice is that if an employee has spent at least one year with the organization, then the Corporate Bonus is paid.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
Acknowledge(0)Amend(0)
The usual practice is that if an employee has spent at least one year with the organization, then the Corporate Bonus is paid.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531
From India, New Delhi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf