Can Employer Reduce Basic Salary Of An Existing Employee
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Hi!From a non-legal point of view, lowering the salaries of employees as a result of a merger is not an appropriate decision and action to take. It will create a lot of demoralization among employees. It can also result in union unrest and strikes.In many merger...
The answer to this totally depends on your individual circumstances.First, is there any local law that would keep you from doing it (in the US, the answer is probably no)? Then, look at whether there are existing employment contracts with any of the employees or...
Hi all,In any merger or takeover scenario when the salary structures of the two companies are different, is it possible to reduce an employee's existing basic pay when adjusting their salary to align with the new structure, while keeping the gross annual pay con...
Dear members,This query is related to a basic component in the CTC structure. Recently, as per the PF commissioner guidelines from Mumbai, our company has made it mandatory for all employees to be covered under PF. Earlier, the company had increased the basic pa...
Hello, as I know employers cannot unilaterally reduce an employee's basic salary during the course of employment without the consent of the employee. The basic salary is typically outlined in the employment contract or agreement, and any changes to it would requ...
You cannot reduce the basic pay of an employee on any terms, irrespective of following EPF norms.
If an employee's basic pay is Rs. 70,000/- and PF contribution is voluntary, after reducing the basic by the employer, his basic pay is Rs. 50,000/-. According to the EPFO Act, an employer cannot reduce basic pay.Kindly clarify if an employer can reduce the basi...
For the purpose of PF contribution of the employer, the rate is 12% of basic plus DA plus administration charges, etc. The EPF coverage is only up to Rs. 15,000/-, and this is the maximum limit on which the employer has to contribute. However, the employee may c...
Dear Seniors,I need your guidance on the reduction in the salary of an employee who is on probation in a school where 7CPC is applicable. Can an employer reduce the basic salary of an employee without any fault of the employee?I am working in a private school un...
Dear Seniors,I need your guidance on the reduction in the salary of an employee who is on probation in a school where 7CPC is applicable. Can an employer reduce the basic salary of an employee without any fault of the employee? Due to the reduction in basic pay,...