I wanted help on a query, I was working with this employee for 1 and half years a few days back I made a mistake which has gone unnoticed therefore my co had to suffer a wrong payout indirectly from that mistake. Now I am worried can they ask for any kind of recovery from me.
From India, Mumbai
From India, Mumbai
Dear member,
You have expressed your fear that your employer may recover the losses caused because of your mistake. However, the information provided is too inadequate. Please confirm to us your designation, the nature of your duties, details of the incident, who discovered the wrong pay-out, when it was discovered and whether any follow-up correspondence was done or action was taken to recover the unauthorised payment.
The recovery of the losses can be done as a punishment. However, before awarding the punishment, the employer must order the domestic enquiry and give you a chance to defend your case. If your misconduct is established, then only the employer can award a punishment. However, recovering the losses, the employer cannot recover a 100% amount. It has to be a small % of the total amount.
Thanks,
Dinesh Divekar
From India, Bangalore
7883You have expressed your fear that your employer may recover the losses caused because of your mistake. However, the information provided is too inadequate. Please confirm to us your designation, the nature of your duties, details of the incident, who discovered the wrong pay-out, when it was discovered and whether any follow-up correspondence was done or action was taken to recover the unauthorised payment.
The recovery of the losses can be done as a punishment. However, before awarding the punishment, the employer must order the domestic enquiry and give you a chance to defend your case. If your misconduct is established, then only the employer can award a punishment. However, recovering the losses, the employer cannot recover a 100% amount. It has to be a small % of the total amount.
Thanks,
Dinesh Divekar
From India, Bangalore
I am working for a life insurance co. At associate level. 2 months prior the beneficieries account has been wrongly got edited while working on a similar case.
And the money has been transferred to wrong person instead of nominee.
The total sum was around 22 lacs it has been indentified 2-3 days prior and now the co has initiated recovery from the person but he is not answering the call.
My fear is if they can turn to me if the amount was not recovered
From India, Mumbai
And the money has been transferred to wrong person instead of nominee.
The total sum was around 22 lacs it has been indentified 2-3 days prior and now the co has initiated recovery from the person but he is not answering the call.
My fear is if they can turn to me if the amount was not recovered
From India, Mumbai
Dear Partner,
A number of details do not add up here. Normally for disbursing such high value payments, there would be a number of checks in the process by different process stakeholders. It seems strange that just because of an incorrectly updated bank account number, the payment has been released. This was to be checked by multiple members of the company.
The transaction here reveals a highly vulnerable environment when it comes to excess payment errors, and so for your error, this need not be blamed on you completely, because the company as well has a part in it.
The possibilities for the inquiry would be on 2 paths. One is as to whether this was an innocent error from your end or on whether there had been any fraudulent activity of conniving with the external member who has received the payment.
If the inquiry reveals that the error was at your end, due not following the prescribed protocols, then the chances are that exit proceedings may be initiated for you. But if the inquiry reveals that there has been any collusion between you and the member who received the payment incorrectly, then it is possible that the company may sue you for recovering the loss.
From India, Bengaluru
A number of details do not add up here. Normally for disbursing such high value payments, there would be a number of checks in the process by different process stakeholders. It seems strange that just because of an incorrectly updated bank account number, the payment has been released. This was to be checked by multiple members of the company.
The transaction here reveals a highly vulnerable environment when it comes to excess payment errors, and so for your error, this need not be blamed on you completely, because the company as well has a part in it.
The possibilities for the inquiry would be on 2 paths. One is as to whether this was an innocent error from your end or on whether there had been any fraudulent activity of conniving with the external member who has received the payment.
If the inquiry reveals that the error was at your end, due not following the prescribed protocols, then the chances are that exit proceedings may be initiated for you. But if the inquiry reveals that there has been any collusion between you and the member who received the payment incorrectly, then it is possible that the company may sue you for recovering the loss.
From India, Bengaluru
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