Employee Referral Bonus Announcement Templae

Hi,Actually, the referral bonus policy differs from company to company. In my company, they pay 50% of the candidate's salary if he is recruited in my department, whereas for other departments, they pay 30% to 40%, depending on the candidate's attitude at the ti...

Hello Anu,I have started in my earlier IT/BPO company, with a bonus of Rs. 3000.00 per employee if both the existing employee and the person referred by him stay for at least 6 months. In my present Financial Company, we have started offering Rs. 300.00 per empl...

The time limit for payment of bonus has been fixed in the Payment of Bonus Act, 1965 itself. As per sec. 20(b) of the PB Act, normally the bonus payable under the Act pertaining to an Accounting Year shall be paid in cash to the eligible employees within 8 month...

Sir,10800 is the earned wages of 36 days (basic plus DA). Hence, according to you, it will be paid out at 10800\. However, section 12's ceiling limit states that the bonus shall be calculated based on 7000 or the minimum wages, whichever is higher.

Umakanthan sir,I have a doubt in bonus calculation. Suppose Mr. X has worked only 36 days, and his earned wages are 10800\. After 36 days of working, he leaves the company. Please let me know how we will calculate the bonus, whether it is 10800*8.33 or 7000/26*3...

Hi Anitha,The Employee Referral Program is very effective in most organizations, benefiting both the employer and employees.For Employers:- Can get profiles for suitable positions in a short time.- Employees can refer reliable candidates.- Can reduce recruitment...

I'm working in an IT company, as it's a newly started company. I'm in the process of creating many policies, one of which is the employee referral bonus.I would like information about how other companies implement the employee referral bonus and how they determi...