Hi Everyone, Please help me understand if we need to pay Annual Bonus in case an employee has not completed 1 year period before his resignation date?
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Susan Kutar
09/22/2023, 4:10 PM
The employee needs to be in the company at the time of the annual bonus payout. So for example your bonus payout month is March each year. The employee has to be present in the company. He is eligible on a prorated basis then. Hope it helps
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apurva dhuri
09/26/2023, 8:57 AM
In certain companies, employees need to be active in the system on the day of bonus payout (meaning not on notice)