I am working in a listed company. They are paying me less than CTC due to a performance bonus which is included in the CTC at maximum. Also, my offer letter does not contain the words "performance bonus." They simply wrote "bonus" there. Should I claim on the company for the difference amount?
From India, Hubli
Acknowledge(0)
Amend(0)
From India, Hubli
Acknowledge(0)Amend(0)
Talk to your HR. See the salary components carefully. Sometimes CTC consists of two parts - one is fixed, and another is variable. The variable part is based on performance. If there is no such clause in the offer letter and it doesn't include any performance clause or deductions, then you can proceed to defend yourself and claim your remaining salary. Good luck!
From India, Mohali
Acknowledge(0)Amend(0)
104From India, Mohali
Acknowledge(0)Amend(0)
Dear Manoj,
Since few companies/organizations include KRA incentives or performance bonus in CTC, which they give at the time of performance appraisal, it is obvious that your monthly salary may vary. Normally, performance bonus or KRA incentives are given by companies at the end of the fiscal year.
Best regards,
From India, Mumbai
Acknowledge(0)Amend(0)
Since few companies/organizations include KRA incentives or performance bonus in CTC, which they give at the time of performance appraisal, it is obvious that your monthly salary may vary. Normally, performance bonus or KRA incentives are given by companies at the end of the fiscal year.
Best regards,
From India, Mumbai
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf