Query on Annual Incentive
Querist :
Anonymous
(Querist) 11 April 2011
This query is : Resolved
This is Query on annual incentive Policy of xxx Company
Annual incentive is variable amount
that is depends on employee performance and Business unit Recomendation according to company policy.
I have got response from HR saying that the Business unit has recommended 40 % of Annual incentive to you.
Can u advice me on this.Can it be challenged in court and how i can proceed.
Background
I am Resigned Employee of XXX Company. I was working in XXX company for a period of 3.5 Years.
There was no performance Appraisal being done since i have resigned just before the Financial year. I am being told in Email that "normally for Resigned cases there is payout in the range of 40%". There is no policy as such.
Pls Advise.
R.Ramachandran
(Expert) 11 April 2011
First tell as to what is your grievance.
Whether you want more than 40% annual incentive? If so on what basis?
Querist :
Anonymous
(Querist) 12 April 2011
Hi,
Definately I require more than 40%.
Since Annaul Incentive was part of my CTC.
Annual Incentive is given to employees based on performance and Business Unit recommendation.
I have resigned from position and hence they have given me a flat 40 % of the amount. There is no policy as such for resigned employees.
