Bonus & LTA related - If any employee left his employment during mid of the year

Dear Friends,

I have two queries:

1. If an employee leaves their employment during the middle of the year, are they entitled to a bonus for the period they worked with us?

2. When fixing an employee's C.T.C., we allocate a certain amount as LTA, which will be paid to them by the end of the year. If the employee leaves the organization before completing the year, are they entitled to the LTA amount for the period they worked with us?

Thank you.

Hi,

He is eligible to avail bonus and LTA for whatever period he has worked as per the provisions of the act. The bonus eligibility is a minimum of 30 days.

Best Regards,
V. Sathyanarayanan

Dear Deva,

Bonuses have to be paid based on the financial performance of the company and are applicable from April to March of every year. Additionally, any person who has worked for not less than 30 days is eligible to receive a bonus for that particular year.

Cheers,
Trisha
HR Professional

I'm Abhilash, Manager - Recruitment & Operations of Synergy Infotech. Our firm focuses on Staffing, Placements, web designing, software outsourcing & Business quality consulting. We are based in Kerala - Trivandrum.

About Us:
Synergy InfoTech, Trivandrum (AN ISO 9001:2000 COMPANY) is a Business & IT Solutions company based in Kerala, India that provides services of ISO 9001:2000 Certification Consulting, Executive Search, and Staffing services.

Our Management & Business Consultants provide excellent services in ISO and HR Solutions.

We at Synergy Infotech, a Premier Business Consultancy catering to requirements across India. We are in expansion mode looking for franchisees in Cochin, Bangalore, Chennai, Mumbai, Hyderabad, Pune, New Delhi, and Calcutta etc. Professionals with a fresh approach and capable of investing in an office supporting one or two staff initially are encouraged. The business has excellent potential, and our branding, marketing support, and centralized database would be of great help.

Franchisee Terms:
- Franchisee should have a Rented House/ Space Near Industrial Area/City, Phone, and Internet.
- Franchisee Fee will be 1,00,000/- for 1 year (Non-Refundable) (Can be extended if Result Orientation is High).
- Franchisee will be for HR Solutions and ISO Certification Consulting.
- Franchisee should appoint a marketing Executive and coordinate all recruitments.
- Database and Search Support will be provided.
- All difficult requirements will be supported from the Head Office.
- Franchisee is responsible for meeting all Franchisee office expenses.

Dear Abhilash,

This is not a forum to sell any HR-related products. Rather, this forum is for sharing knowledge and practices of HR.

Regards,
Trisha
HR Professional

Dear Friends,

As per our leave rules, between holidays and Sundays, leave is not allowed. However, some employees have taken leave on the 16th of August. Can we deduct their pay or leave for two days (16th and 17th of August)?

Kindly guide.

Rakesh Dubey

I don't think this is the correct policy of the company. Can we deny leave on a particular day simply on the grounds that there are holidays/weekly off before and after that day - which is beyond the control of the employee? Deduction of salary for two days on this account alone will not be legal.

Regards,