Hello Members,
My query is regarding the joining bonus and notice period. I joined a company in March 2015 as a Business Analyst in Bangalore. The company offered me a joining bonus of Rs. 50,000. It's been mentioned in the offer letter that if you leave the company before completing 1 year, you have to refund the bonus as applicable. The official notice period in this organization is 2 months. It's been 8 months since I joined this organization, and now my question is - if I look for a new opportunity next month (January) and convert the offer as and then, will I be liable to refund the entire joining bonus to the company, as I am completing 1 whole year of employment (including a notice period of 2 months) in March?
Kindly suggest.
Thanks
From India, Bengaluru
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My query is regarding the joining bonus and notice period. I joined a company in March 2015 as a Business Analyst in Bangalore. The company offered me a joining bonus of Rs. 50,000. It's been mentioned in the offer letter that if you leave the company before completing 1 year, you have to refund the bonus as applicable. The official notice period in this organization is 2 months. It's been 8 months since I joined this organization, and now my question is - if I look for a new opportunity next month (January) and convert the offer as and then, will I be liable to refund the entire joining bonus to the company, as I am completing 1 whole year of employment (including a notice period of 2 months) in March?
Kindly suggest.
Thanks
From India, Bengaluru
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Hi Buddy, The one year mentioned in the offer letter exclude your notice period, so you have to serve till march. With Regards Mr.Thumbs Up
From India, Chennai
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105From India, Chennai
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Hi Saurabh,
Please refer to the process manual in your organization, which will have details on the same. Most companies that offer a joining bonus will have a similar clause; however, it is solely at the discretion of the employer whether the mentioned 12 months are inclusive or exclusive of the notice period.
From India, Bangalore
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Please refer to the process manual in your organization, which will have details on the same. Most companies that offer a joining bonus will have a similar clause; however, it is solely at the discretion of the employer whether the mentioned 12 months are inclusive or exclusive of the notice period.
From India, Bangalore
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However, it is crucial to carefully review the terms and conditions stated in your offer letter and any applicable company policies to ensure clarity on the matter.
From United States, New York
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From United States, New York
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