Hi, We have a persistent issue at hand. We have a policy of 2 months notice period, but there are employees who leave abruptly. They are the kinds for whom relieving documents don't matter. But in this situation, work suffers, and they don't care to return the salary in lieu as well as the salary paid to them during lockdown (we couldn't set up work from home). Getting into legalities shall be a long process and we don't have enough bandwidth to pursue legal action.
We have formulated a bonus policy, hence, and we need an opinion from experts here if it is legal and fair for the employees.
Salary per month structure --
Salary (with all allowances) - Rs. 10,000/- (in hand)
Staff Bonus - Rs. 2000/- (will be handed over at the completion of 1 year from the permanent appointment, and every consecutive year of completion of service thereon)
Employer's Bonus - Rs. 2000/- (will be accumulated every month with the employer and will be issued on successful completion of notice period at the time of exit)
Professional Tax - Rs. 200 (borne by the employer)
Total CTC - Rs. 14,000/- per month
Our firm is not eligible for EPF / ESIC at the moment. Please revert with your views and suggestions. Thank you.
From India, Kolkata
We have formulated a bonus policy, hence, and we need an opinion from experts here if it is legal and fair for the employees.
Salary per month structure --
Salary (with all allowances) - Rs. 10,000/- (in hand)
Staff Bonus - Rs. 2000/- (will be handed over at the completion of 1 year from the permanent appointment, and every consecutive year of completion of service thereon)
Employer's Bonus - Rs. 2000/- (will be accumulated every month with the employer and will be issued on successful completion of notice period at the time of exit)
Professional Tax - Rs. 200 (borne by the employer)
Total CTC - Rs. 14,000/- per month
Our firm is not eligible for EPF / ESIC at the moment. Please revert with your views and suggestions. Thank you.
From India, Kolkata
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Amendment to Payment of Bonus Act 2015.jpg
Salary-Note.doc
SALARY SHEET CALCULATION.xls