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

devangjaiswal
Dear Friends, I have two queries.
1. If any employee left his employment during mid of the year. whether he is entitle for bonus for the period of he worked with us.
2. while fixing employees C.T.C. we have fix some amount as LTA which will pay to him by the end of the year. and if he left the organization without completions of the year then whether he is entitle for LTA amount for the period of he worked with us.
V_Sathyanarayanan
Hi,
He is eligible to avail bonus & LTA whatever period he has worked as per the provision of the act. The Bonus eligiblity is minimum 30 days.
Best Regards
V Sathyanarayanan
trisha_hr
Dear Deva
Bonus has to be paid based on the financial performance of the
company and applicable as April to March of every year.
Also any person worked for not less than 30 days is eligilble
to pay bonus for that particular year.
Cheers
Trisha
HR Professional
synergytvm1
I'm Abhilash, Manager - Recruitment & Operations of Synergy Infotech. Our firm focuses in Staffing,Placements,web designing,software outsourcing & Business quality consulting. We are based in Kerala--Trivandrum
>About US( <link no longer exists - removed> )
>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 give excellent services in ISO and HR Solutions.
>We at Synergy Infotech, a Premier Business Consultancy catering to requirements across India. We are on the 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 a office supporting one or two staff initially are encouraged. The business has got excellent potential and our branding, marketing support and centralized database would be of good support.
>FRANCHISEE TERMS
>*
>Franchisee Should have 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 you should coordinate all recruitments.
>*
>Database and Search Support will be given.
>*
>All difficult requirements will be supported from Head Office.
>*
>Franchisee is responsible for meeting all Franchisee office expenses
>*
trisha_hr
Dear Abhilash
This is not a forum to sell any HR Related products. Rather
this forum is for sharing of knowledge and practices of HR
with regards
Trisha
HR Professional
RAKESH DUBEY ONLY
Dear Friends
As per our leave rules,between holiday and Sunday leave are not allowed,but some of employees are taken leave on 16th Aug.
Can we deduct their pay/leave two days (16th and 17th of Aug.)
Kindly guide
Rakesh Dubey
pca
I don't think this is correct policy of the company. Can we deny leave on a particular day simply on the ground 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,
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