Arrears Component Insalary Slip
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Hi Navjot,Is your present employer adjusting the compensation structure without increasing the base salary to which you are entitled? Is your employer requiring each individual to propose a new structure? Do you not have an HR and Finance department in your comp...
Hi Manisha,No, you will not be able to recover the amount deducted towards Gratuity.
I opine that the gratuity part should be separate from the CTC. Once it is excluded from the CTC, the amount to be paid to the outgoing employee should be included in the Full & Final settlement.
Hi, I worked for 3 years in a company. The gratuity component was mentioned in the Retiral Component (CTC). During my full and final settlement, I was not provided the Gratuity amount as I had not completed 4 years 320 days in the company. Can I claim the gratui...
Hello,Company X has not paid any of its employees their variable pay for between 18 and 12 months. They have set almost 40% of CTC as variable pay and make the employees wait endlessly. If employees decide to leave, the company policy states that they lose all o...
Dear Zaffar,I wish you had mentioned the logic of paying the employee a monthly gratuity. Is it that when the employee eligible for gratuity leaves, the company has to pay a hefty amount? To offset the sudden load on cash flow, does your company wish to pay in a...
Mentioning gratuity or bonus as a part of monthly wages for computing CTC is okay, but indicating it as a part of monthly salary paid is not going to help. The legal liability to pay them again on reaching the due stage still exists even if you have paid it prem...
Dear Sir/Madam,Can an employer pay gratuity on a monthly basis along with salary, and have the same component show in the salary slip of the employee?In the case of a person working in a private company where the number of employees is more than 10,000 and they ...
@Madhu-jiIt is not that the company does not have HR expertise; it is that they decided to do this in order to show a higher salary than they are actually willing to pay. They are banking on the fact that most employees will not fight it. If someone does, they w...
An employer cannot pay gratuity on a monthly basis. The gratuity is payable only to those employees who have completed 5 years of continuous service with the company. As such, the question of paying it right from the month of joining does not arise.If the employ...