Hi,
Employee resigned before the bonus payout date,
Is the employee eligible to be paid? Should we pay him/her?
Hi,
Employee resigned before the bonus payout date,
Is the employee eligible to be paid? Should we pay him/her?
Yes, Bonus is payable to employee if he has worked for not less than 30 days in an accounting year.
Hi,
If an employee resigned before bonus payout you will need to verify whether he has completed 30 days in the FY. If yes , then you need to pay bonus and if in case not completed 30 days he will not be eligible for bouns.