Hello,
Thank you for the appreciation.
Since we are not discussing the statutory bonus, the issue solely revolves around the terms and conditions of your employment. The outcome depends on the ethics, morality of the employer, and the organizational culture. Any dispute between you and the employer will not be covered by Labour Law but by Civil Law. Resorting to civil law could result in significant delays, potentially taking years to reach a resolution. Even if you eventually win in court, you would have lost time and incurred legal expenses possibly exceeding the bonus amount. Therefore, you need to make a calculated decision.
Was the Bonus a part of the CTC when you were employed?
Regardless, the logic suggests that you are entitled to at least the pro-rata Bonus unless there is a clause in your terms & conditions that you overlooked during your employment acceptance.
In dealing with this issue, it is important to approach the employer with a polite yet firm demeanor. Being confrontational could cause the employer to disengage from the matter, leading to a loss of the deserved bonus.
Good Luck. I hope you receive the hard-earned money.
Regards, Samvedan February 11, 2009
From India, Pune
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321Thank you for the appreciation.
Since we are not discussing the statutory bonus, the issue solely revolves around the terms and conditions of your employment. The outcome depends on the ethics, morality of the employer, and the organizational culture. Any dispute between you and the employer will not be covered by Labour Law but by Civil Law. Resorting to civil law could result in significant delays, potentially taking years to reach a resolution. Even if you eventually win in court, you would have lost time and incurred legal expenses possibly exceeding the bonus amount. Therefore, you need to make a calculated decision.
Was the Bonus a part of the CTC when you were employed?
Regardless, the logic suggests that you are entitled to at least the pro-rata Bonus unless there is a clause in your terms & conditions that you overlooked during your employment acceptance.
In dealing with this issue, it is important to approach the employer with a polite yet firm demeanor. Being confrontational could cause the employer to disengage from the matter, leading to a loss of the deserved bonus.
Good Luck. I hope you receive the hard-earned money.
Regards, Samvedan February 11, 2009
From India, Pune
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Simply calculate the number of days present from April to March and the total basic and DA earned during the year, and 8.33% of that, i.e., total year basic * total year DA * 8.33%, or whatever % decided by management. Don't include gross salary, SA, ASA, etc.
From India, Pune
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From India, Pune
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Thank you, Samvedan, for your prompt and accurate replies. Your responses were greatly appreciated. You are doing a wonderful job. :-)
I will now speak to my employer politely and try to convince them about this. The bonus component was part of my annual package that was offered to me at the time of employment. I also hope that I will receive the right and hard-earned money that I deserve. I will surely inform you of the outcome. Thank you so much for your help!
Please let me know if I can assist you in any way.
Regards, Anshu
From India, Bangalore
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I will now speak to my employer politely and try to convince them about this. The bonus component was part of my annual package that was offered to me at the time of employment. I also hope that I will receive the right and hard-earned money that I deserve. I will surely inform you of the outcome. Thank you so much for your help!
Please let me know if I can assist you in any way.
Regards, Anshu
From India, Bangalore
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Hello Anshu,
Thanks for the offer to help. I will take a rain check!
If someone does a good turn for you, the only way is for you to do a good turn for 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 the future, if I can help, rest assured that I will - within my area of competence.
Cheers and good luck for the future.
Regards,
Samvedan
February 12, 2009
From India, Pune
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Thanks for the offer to help. I will take a rain check!
If someone does a good turn for you, the only way is for you to do a good turn for 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 the future, if I can help, rest assured that I will - within my area of competence.
Cheers and good luck for the future.
Regards,
Samvedan
February 12, 2009
From India, Pune
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Hi Samvedan!
You are right! However, I am not from an HR background. I am currently involved in IT Project Management and Leadership.
I truly appreciate your prompt responses on this forum. If I encounter any issues in the future, I may reach out to you for help.
Regarding the bonus matter, I have discussed it with my boss, and he agrees that bonuses should be given to employees as it is their right. Nevertheless, he is uncertain about whether I will receive the full amount.
Regardless, I will stand up for what I deserve. The rest is in God's hands! :-)
Thank you very much for your advice, which enabled me to speak up.
Anshu
From India, Bangalore
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You are right! However, I am not from an HR background. I am currently involved in IT Project Management and Leadership.
I truly appreciate your prompt responses on this forum. If I encounter any issues in the future, I may reach out to you for help.
Regarding the bonus matter, I have discussed it with my boss, and he agrees that bonuses should be given to employees as it is their right. Nevertheless, he is uncertain about whether I will receive the full amount.
Regardless, I will stand up for what I deserve. The rest is in God's hands! :-)
Thank you very much for your advice, which enabled me to speak up.
Anshu
From India, Bangalore
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Dear All,
Your explanation on bonuses has given me a lot of knowledge. I appreciate everyone's intention to share knowledge and indirectly provide benefits to others (especially Samvedan). I truly have very few words to express my admiration for all of you.
Thank you,
Uday
Cuttack, Odisha
9437833882
From India, Mumbai
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Your explanation on bonuses has given me a lot of knowledge. I appreciate everyone's intention to share knowledge and indirectly provide benefits to others (especially Samvedan). I truly have very few words to express my admiration for all of you.
Thank you,
Uday
Cuttack, Odisha
9437833882
From India, Mumbai
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