Dear All, Wanted to understand if we can include Bonus related clause in the Appointment Letter for workers. And also, if it is mandatory to mention the same. Best Regards, Gaurangi
From India, undefined
From India, undefined
Hello,
Bonus as commonly understood is statutory bonus under "The Payment of Bonus Act 1965"
If the workmen are covered under the Act by the yardstick of their salary/wages, then you do not have to make any mention about "bonus" in the Apptmt. Letter If any one is not covered by the same yardstick also you should not make any mention since if you do it will become part of terms and conditions of employment and you will not be able to change the same in future unilaterally!
The law on the subject will protect interests of both-the employer and the employee in any event.
In any case it NOT required by any law to state anything about bonus in the Apptmt. Letter.
Clear?
Regards
samvedan
February 12, 2015
-----------------------------
From India, Pune
315Bonus as commonly understood is statutory bonus under "The Payment of Bonus Act 1965"
If the workmen are covered under the Act by the yardstick of their salary/wages, then you do not have to make any mention about "bonus" in the Apptmt. Letter If any one is not covered by the same yardstick also you should not make any mention since if you do it will become part of terms and conditions of employment and you will not be able to change the same in future unilaterally!
The law on the subject will protect interests of both-the employer and the employee in any event.
In any case it NOT required by any law to state anything about bonus in the Apptmt. Letter.
Clear?
Regards
samvedan
February 12, 2015
-----------------------------
From India, Pune
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.
FORM-C.BONUS PAYABLE & PAID.docx
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf