Dear Experts,
I am posting this situation with you all to get your ezpert advice. I had joined a company in Dec-2012 and in my joining letter & offer letter there was a part of salary as (Performance Linked Variable Compensation) PLVC and next to it was written that " the same is subject to the individuals annual performance on pr-rata basis". During my working I came to know that this PLVC has some part from companyies profit and some part from my personal tragets which we achieve in financial years. The working year in my company was Jan to Dec, now in Nov-2015 I have left the company so I had worked 11 months as per my company working year and I have completed my targets and have a signed copy of it with me. Depending on my individual performance in my target sheet I am eligible to get PLVC of 100% which is almost 1 Lac rupees. Also this PLVC is part of my CTC & salary.
When I asked my HR about the PLVC they said the Top management has decided to only give you 25% of PLVC from your elegibility. THere fore I need your expert suggestion on this, WHat should I do? I want company to pay me 100% as I have worked dedicatedly till my last working day. During my joining they said pro-rata basis and now they are not paying me back. Please suggest.
regards,
Upendra Tripathi