Respected Seniors
i Have worked for LLP firm from jan-13 to Jun-14, they have deducted my CTC part of Variable pay for the financial year 13-14, they have not paid in my fnf(as per norms i have worked for full financial year with no performance issue) and not even done any pms activity with employees. they have closed by themselves. now i have resigned, please guide what can be done to get my variable pay.
Thanks
A Sharma
From United States, Mountain View
i Have worked for LLP firm from jan-13 to Jun-14, they have deducted my CTC part of Variable pay for the financial year 13-14, they have not paid in my fnf(as per norms i have worked for full financial year with no performance issue) and not even done any pms activity with employees. they have closed by themselves. now i have resigned, please guide what can be done to get my variable pay.
Thanks
A Sharma
From United States, Mountain View
Hi,
Please check the HR policy if they have mentioned anything about variable salary.
Many companies has this policy that "If an employee is not a part of the organisation when they are releasing the variable pay than employee will not be eligible for the same"
From India, Pune
70Please check the HR policy if they have mentioned anything about variable salary.
Many companies has this policy that "If an employee is not a part of the organisation when they are releasing the variable pay than employee will not be eligible for the same"
From India, Pune
Hi Monica, I have checked that this company dont have any such policy as of now. Regards A Sharma
From United States, Mountain View
From United States, Mountain View
Please talk to your HR in this case. If nothing is mentioned then there should not be any problem.
From India, Pune
From India, Pune
I have already requested but they are not answering, they said they are doing my fnf before the Disbursement of Variable Pay for the last year. we cannot do anything. Can i take any Legal action against them.
regards
A Sharma
From United States, Mountain View
regards
A Sharma
From United States, Mountain View
Dear Mr.Sharma,
Please check your appointmenr order / contract. In case they have specified any condition for disbursement of Variable pay and you have fulfilled all your requirements you may still try legally. I would able to suggest you better if you can share the specific clause on this payment.
From India, Madras
Please check your appointmenr order / contract. In case they have specified any condition for disbursement of Variable pay and you have fulfilled all your requirements you may still try legally. I would able to suggest you better if you can share the specific clause on this payment.
From India, Madras
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VARIABLE PAY.doc
More Fixed-To-Variab le Pay HR Trend in Corporate World.pdf