Archive | Bonus

Demand for Increase in Minimum Bonus | Labour Economics

In this article we will discuss about the views of employees, employers and bonus review committee on the demand for increase in minimum bonus. Views of the Employees on Increase in Minimum Bonus: The employees have urged for an increase in the minimum bonus on the following ground: (i) On account of the rise in prices, the employee's real wages [...]

By Sunitha C|2017-11-09T17:38:52+05:30November 9, 2017|Bonus|Comments Off

How to Determine Bonus Payable to Labour? | Economics

The dictionary meaning of the word "bonus" is something to the good, "especially extra dividend to the share-holders of a company," distribution of profits to insurance policy holders or gratuity to workmen beyond their wages. It is the last meaning of the word which acquired significance for labour management relations in India. Till recently, bonus was regarded as an ex-gratia [...]

By Sunitha C|2017-11-09T17:38:52+05:30November 9, 2017|Bonus|Comments Off