As stated PLI 10% extra over 5 lacs kindly provide the Break up for the same and what would be CTC in that case
From India, Kolkata
1From India, Kolkata
Many thanks Madhu for your kind reply, now the company is denying on the ground that there is no policy to pay PLI; which they have been paying me for last two years and they also denying on the fact that as i have left the organisation within 9 months in my third year of service and not completing 12 months of service with them.
The offer letter clearly states that on completion of 12 months the "X" amount will be paid. After 2 years of service my PLI was revised and the condition in the offer letter was not revised.
I have requested them to pay me on Pro-rata basis which they are denying. Kindly advice what should be my next step. Thanks in advance for your reply which is eagerly awaited.
From India, Chennai
The offer letter clearly states that on completion of 12 months the "X" amount will be paid. After 2 years of service my PLI was revised and the condition in the offer letter was not revised.
I have requested them to pay me on Pro-rata basis which they are denying. Kindly advice what should be my next step. Thanks in advance for your reply which is eagerly awaited.
From India, Chennai
Many thanks Mr. Bhatia. Understand from your reply that PLI is a variable component of the salary but when it is part of CTC, i should be paid right.?
Now, coming to your second point on term and conditions, 1) There is no signed policy in the company since i have joined. 2) i have received my 100% PLI component at the end of the year considering my performance was 100%. for last two years 3) i have left the organisation at end of 9 months in my third year and the company is denying on the ground that there is no policy to pay.
4) i have read the offer letter which clearly states that i will be getting "X" amount at the end of 12 months, now the "X" amount was revised as my salary was revised twice in two years. does this condition still hold good?
Can i still fight for my PLI which is part of CTC or forget it based on the above condition.
From India, Chennai
Now, coming to your second point on term and conditions, 1) There is no signed policy in the company since i have joined. 2) i have received my 100% PLI component at the end of the year considering my performance was 100%. for last two years 3) i have left the organisation at end of 9 months in my third year and the company is denying on the ground that there is no policy to pay.
4) i have read the offer letter which clearly states that i will be getting "X" amount at the end of 12 months, now the "X" amount was revised as my salary was revised twice in two years. does this condition still hold good?
Can i still fight for my PLI which is part of CTC or forget it based on the above condition.
From India, Chennai
Many thanks Mr. Sai. Understand from your reply that PLI has certain terms and condition 1) There is no signed policy in the company since i have joined.
2) i have received my 100% PLI component at the end of the year considering my performance was 100%. for last two years
3) i have left the organisation at end of 9 months in my third year and the company is denying on the ground that there is no policy to pay.
4) i have read the offer letter which clearly states that i will be getting "X" amount at the end of 12 months, now the "X" amount was revised as my salary was revised twice in two years. does this condition still hold good?
Can i still fight for my PLI which is part of CTC or forget it based on the above condition.
From India, Chennai
2) i have received my 100% PLI component at the end of the year considering my performance was 100%. for last two years
3) i have left the organisation at end of 9 months in my third year and the company is denying on the ground that there is no policy to pay.
4) i have read the offer letter which clearly states that i will be getting "X" amount at the end of 12 months, now the "X" amount was revised as my salary was revised twice in two years. does this condition still hold good?
Can i still fight for my PLI which is part of CTC or forget it based on the above condition.
From India, Chennai
You can not fight for what is in the ctc
Ctc is cot to company, not what is payable to you.
You need to go by what the appointment letter and the salary structure says. Since it says you will get it after 12 months of work, they are quiet in their rights to deny it.
Secondly, it is performance linked incentive.
So itmismwithin their rights again to deny it saying the performance was not up to the mark.
You do not have anything to,fight that.
It's best you gap forget it and move on.
Probably in future, you will ensure that the company clearly states what u will get for part year working or clearly define the terms ofvPLI in a manner that has a quantative basis, not a vague qualitative base
From India, Mumbai
Ctc is cot to company, not what is payable to you.
You need to go by what the appointment letter and the salary structure says. Since it says you will get it after 12 months of work, they are quiet in their rights to deny it.
Secondly, it is performance linked incentive.
So itmismwithin their rights again to deny it saying the performance was not up to the mark.
You do not have anything to,fight that.
It's best you gap forget it and move on.
Probably in future, you will ensure that the company clearly states what u will get for part year working or clearly define the terms ofvPLI in a manner that has a quantative basis, not a vague qualitative base
From India, Mumbai
Dear karthik
What I understand from the details furnished by you is that :
1) There is no writtendown pocy on payment of PLI to employees.
2) Therefore the next document that can be relied is the offer latter. The offer letter clearly mentioned that you will be entitleted to PLI if you serve 12 months.
3) The company honoured this condition by paying you100% PLI for the last two years at the end of the relevant years.Therefore the practice together with the relevant term and condition in the offer letter abundantly substantiate the fact that your right to PLI accrues only on competeing 12 months service in the company. Since you have not fulfilled this condition, Iam of the view that you cannot claim PLI and the compnay can deny it as I have already said in my earlier post.
Now coming to the concept of CTC, salary and CTC are two different concepts with different implications. In layman's understanding,avoiding technicalties, it can broadly be said that salary is the employee's zone of entitlement and CTC is employer's zone of discretion. Thus he can stipulate in CTC all those payment/expenses which he will make or pay to an employee subject to fulfilment of certain terms and condition which he may lay down in his discretion.Therefore an employee cannot lay a claim to a payment falling in employer's zone of discretion unless he fulfills thsoe terms and conditions.
Accordingly, I find it difficult to canvass for your right to PLI. Hope I sufficiently explained my stand on the issue.
B.Saikumar
Mumbai
From India, Mumbai
What I understand from the details furnished by you is that :
1) There is no writtendown pocy on payment of PLI to employees.
2) Therefore the next document that can be relied is the offer latter. The offer letter clearly mentioned that you will be entitleted to PLI if you serve 12 months.
3) The company honoured this condition by paying you100% PLI for the last two years at the end of the relevant years.Therefore the practice together with the relevant term and condition in the offer letter abundantly substantiate the fact that your right to PLI accrues only on competeing 12 months service in the company. Since you have not fulfilled this condition, Iam of the view that you cannot claim PLI and the compnay can deny it as I have already said in my earlier post.
Now coming to the concept of CTC, salary and CTC are two different concepts with different implications. In layman's understanding,avoiding technicalties, it can broadly be said that salary is the employee's zone of entitlement and CTC is employer's zone of discretion. Thus he can stipulate in CTC all those payment/expenses which he will make or pay to an employee subject to fulfilment of certain terms and condition which he may lay down in his discretion.Therefore an employee cannot lay a claim to a payment falling in employer's zone of discretion unless he fulfills thsoe terms and conditions.
Accordingly, I find it difficult to canvass for your right to PLI. Hope I sufficiently explained my stand on the issue.
B.Saikumar
Mumbai
From India, Mumbai
keerthykk, I think the clarifications given above by B Saikumar & others are quite valid & lucid. If a Variable component is payable after 12 months service during the year, based on an individual's performance, then serving only for 9 months during the year means you are not entitled to the same (unless your company policy clearly states that for serving less than 12 months in an year, the payment shall be calculated on pro-rata basis for the actual period served).
Also the confusion in your mind that it is a part of your CTC should be removed since CTC is not your entitlement, but your cost to the company. CTC is a budgeting tool for human resources & has no universal composition.
From India, Delhi
Also the confusion in your mind that it is a part of your CTC should be removed since CTC is not your entitlement, but your cost to the company. CTC is a budgeting tool for human resources & has no universal composition.
From India, Delhi
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