Please help me understand:
Policy on Conditional Pay
The company wants to introduce a policy where they will pay 30% of the net pay per month only upon the achievement of certain criteria. If the target is not achieved, they do not want to pay anything from that 30%. Can the company do so?
Salary Slip Deductions
If this is the case, should such deductions be shown on the salary slip?
From India, Imphal
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Policy on Conditional Pay
The company wants to introduce a policy where they will pay 30% of the net pay per month only upon the achievement of certain criteria. If the target is not achieved, they do not want to pay anything from that 30%. Can the company do so?
Salary Slip Deductions
If this is the case, should such deductions be shown on the salary slip?
From India, Imphal
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Hi, Holding 30% of salary, even if it is for non-achievement of targets, is not right. Apart from the salary, whatever performance incentive is payable can be held for not achieving the target. But holding a part of the fixed salary is not right.
From India, Madras
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1015From India, Madras
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Dear Mr. Rajeev,
Performance Incentive
Payment related to target achievement is called "Performance Incentive." The "Performance Incentive" is calculated on and above the gross salary. The percentage also varies department-wise based on their business targets.
Deducting such a substantial amount from the net pay will not help you achieve the targets.
Best regards
From India , Pune
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Performance Incentive
Payment related to target achievement is called "Performance Incentive." The "Performance Incentive" is calculated on and above the gross salary. The percentage also varies department-wise based on their business targets.
Deducting such a substantial amount from the net pay will not help you achieve the targets.
Best regards
From India , Pune
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