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Half Bonus and Half Bonus, I got questions on this
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ZZMsia
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 Apr 9 2023, 10:09 PM
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QUOTE(redracer2004 @ Apr 9 2023, 04:13 PM) My company announced bonus on Feb 2023, paid half of the bonus and in their email said they will pay the balance of that half in May 2023. The bonus is not contractual but they said it is for 2022 performance. My question is: "Will there be a chance where they not going to pay the other half in May 2023?" "Like what are the loopholes in this?" This is to prevent people from resigning.. short term measure |
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ZZMsia
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Apr 10 2023, 07:23 AM
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QUOTE(WaCKy-Angel @ Apr 9 2023, 11:58 PM) Since bonus is not conpulosry, they can retract it any time. If u not happy can go court to fight. Or u can call labour office to enquire about it. They are helpful. Definitely cannot win in court. Bonus is not part of your offer letter. Even if it is on black and white, the company can claim other things happened. If company paid salary late, can bring to court. |
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ZZMsia
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Apr 10 2023, 07:36 AM
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QUOTE(shinjite @ Apr 9 2023, 11:49 PM) This is the real reason. To prevent people from resigning. I stumbled upon this from a company 10 plus years ago. In the bonus slip, you can notice the smallest of font used for the T&C at the bottom. It states the second half of the bonus will be paid in the middle of the following year and if one resigns earlier, there goes the second half of the bonus. It works for some.. kind of how company plans to retain you but if the bonus is 1month or 1.5months, its an easy decision to jump if the hike is 25-30 percent |
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