Hello,
Thanks for appreciation.
Since we are not talking about statutory bonus, the issue is entirely concerned with terms and conditions of your employment and the outcome is therefore dependent upon the ethics and morality of the employer and the culture of the organization as any dispute between you and the employer will NOT be covered by LAbour Law but by Civil Law. If you resort to civil law it will take YEARS to get ANY outcome. I suppose you ae aware of the judicial system in the country and its lethargy and inordinate delays! Even if you ultimately WIN in a court of law, you would have lost on time and the lawyer will get more out of you that the Bonus amount and to that extent you have to take calculated decision.
Was the Bonus a part of the CTC when you were employed?
Whatever the position the logic of the situation tells me that you must get atleast the pro-rata Bonus UNLESS there is some clause in your terms & conditions which escaped your attention at the time of employment and acceptance of the offer.
Frankly you can hope to get the Bonus and the matter will rest on how the employer looks at the issue.
So, you have to be nice, polite yet firm in seeking this payment. If you are perceived to be in a fighting mood, the employer, albeit wrongly, may only "switch off" and cold shoulder the whole issue and if that happens you may simply have say good bye to the hard earned money! Sad but true!!!
Good Luck. Hoe indeed you get the hard earned money.
Regards
samvedan
February 11, 2009
---------------------------
From India, Pune
315Thanks for appreciation.
Since we are not talking about statutory bonus, the issue is entirely concerned with terms and conditions of your employment and the outcome is therefore dependent upon the ethics and morality of the employer and the culture of the organization as any dispute between you and the employer will NOT be covered by LAbour Law but by Civil Law. If you resort to civil law it will take YEARS to get ANY outcome. I suppose you ae aware of the judicial system in the country and its lethargy and inordinate delays! Even if you ultimately WIN in a court of law, you would have lost on time and the lawyer will get more out of you that the Bonus amount and to that extent you have to take calculated decision.
Was the Bonus a part of the CTC when you were employed?
Whatever the position the logic of the situation tells me that you must get atleast the pro-rata Bonus UNLESS there is some clause in your terms & conditions which escaped your attention at the time of employment and acceptance of the offer.
Frankly you can hope to get the Bonus and the matter will rest on how the employer looks at the issue.
So, you have to be nice, polite yet firm in seeking this payment. If you are perceived to be in a fighting mood, the employer, albeit wrongly, may only "switch off" and cold shoulder the whole issue and if that happens you may simply have say good bye to the hard earned money! Sad but true!!!
Good Luck. Hoe indeed you get the hard earned money.
Regards
samvedan
February 11, 2009
---------------------------
From India, Pune
simply calculate as
number of days present from april to march and total basic and DA earned during the year and 8.33% of that
i.e total year basic * total year DA * 8.33% or whtever % decided by
mgmt
dont give on gross salary SA ASA etc not included
From India, Pune
number of days present from april to march and total basic and DA earned during the year and 8.33% of that
i.e total year basic * total year DA * 8.33% or whtever % decided by
mgmt
dont give on gross salary SA ASA etc not included
From India, Pune
Thanks Samvedan for your prompt and accurate replies were expected.
You are doing a wonderful job... :-)
I wll now speak to my employer politely and try to convince them for this.
The bonus component was part of my annual package that as offered to me at the time of employment.
I also hope that I will get my right and hard earned money deserved.
I will surely inform you of the outcome.
Thank you so much for you help!
Please let me know if I can help you in any ways.
Regards,
Anshu
From India, Bangalore
You are doing a wonderful job... :-)
I wll now speak to my employer politely and try to convince them for this.
The bonus component was part of my annual package that as offered to me at the time of employment.
I also hope that I will get my right and hard earned money deserved.
I will surely inform you of the outcome.
Thank you so much for you help!
Please let me know if I can help you in any ways.
Regards,
Anshu
From India, Bangalore
Hello Anshu,
Thanks for the offer to help. I will take a rain check!
If someone does a good turn to you, the only way is for you to a good turn to someone else! That's the way of life!! If you keep learning and sharing all your active life you will become a good HR person. I am sure you want to be that.
Even in future if I can help, rest assured that I will-within my area of competence.
Cheers and Good Luck for future.
Regards
samvedan
February 12, 2009
-------------------------
From India, Pune
Thanks for the offer to help. I will take a rain check!
If someone does a good turn to you, the only way is for you to a good turn to someone else! That's the way of life!! If you keep learning and sharing all your active life you will become a good HR person. I am sure you want to be that.
Even in future if I can help, rest assured that I will-within my area of competence.
Cheers and Good Luck for future.
Regards
samvedan
February 12, 2009
-------------------------
From India, Pune
Yes Samvedan!
You are right! But I am not from HR stream.
I am into IT Project Management and Leading as of now.
Anyways, I really appreciate your promptness to this forum.
Surely in case of any issue in future, I may trouble you.
Regarding this Bonus issue, I have initiated a conversation with my boss and he agreed that Bonus should be dispersed to employees as it is anyone's right. But he is not very sure that I will get the amount concerned.
Anyways, I will fight for my right. Rest is on God! :-)
Thanks much for yur advice because of which I could raise my voice.
Anshu
From India, Bangalore
You are right! But I am not from HR stream.
I am into IT Project Management and Leading as of now.
Anyways, I really appreciate your promptness to this forum.
Surely in case of any issue in future, I may trouble you.
Regarding this Bonus issue, I have initiated a conversation with my boss and he agreed that Bonus should be dispersed to employees as it is anyone's right. But he is not very sure that I will get the amount concerned.
Anyways, I will fight for my right. Rest is on God! :-)
Thanks much for yur advice because of which I could raise my voice.
Anshu
From India, Bangalore
Dear All,
Your Explanation on Bonus has given me lots of knowledge on Bonus. I respect to all having intension to share knowledge and indirectly giving benefits to others (especially Samvedan). Really I have very few words to admire you all.
Thanking you
Uday,
Cuttack, Orissa
9437833882
From India, Mumbai
Your Explanation on Bonus has given me lots of knowledge on Bonus. I respect to all having intension to share knowledge and indirectly giving benefits to others (especially Samvedan). Really I have very few words to admire you all.
Thanking you
Uday,
Cuttack, Orissa
9437833882
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc