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S Md Shareef (students)     03 October 2013

Performance linked bonus

 

Hi All

 

One of my friends was working in MNC- BPO Orgn.

 

He joined the Orgn in June 2012. Usually the Orgn use to pay the bonus in next  March 2012 for the previous year from Jan 2012 to Dec 2012.To the best of my Knowledge I think he is eligible for the Bonus on proportionate basis as per Bonus Act irrespective of his performance. When he checked with his Process Manager and HR Manager regarding Bonus, they told due to lacking of performance is not eligible for the bonus for that FY 2012.

 

Can anyone help me? Whether, Is he eligible for the Bonus? So that I can support him in getting the Bonus.

 

Thanks & Regards.



Learning

 1 Replies

Kumar Doab (FIN)     05 October 2013

You have referred to ‘Bonus Act’ in your post, whereas in the title of your query you have referred to ‘Performance linked Bonus’.

Both are different.

If is statutory Bonus you may refer to THE PAYMENT OF BONUS ACT, 1965

If it is ‘Performance linked Bonus’ you may refer to the standing orders of the company, appointment letter, T&C of ‘Performance linked Bonus’…………


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