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Retention Bonus is an incentive tool used by businesses to induce employees to stay employed with the company. It is a payment which is over and above the salary and other benefits offered to an employee by the company. It is a common market practice amongst corporates in India to offer retention bonus to employees whom the company wishes to keep on board while undergoing business transitions such as business transfer, merger or acquisition or closure of business.
India: COVID-19 Death: What Is The Employer's Liability? 06 October 2021 by Vikram Bhargava and Raveena Verma Clasis Law and Associates Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com. The second wave of COVID-19 in India left the country in dismay due to the grim statistics of deaths. India Inc.
To print this article, all you need is to be registered or login on Mondaq.com. With the evolution of global commercial mobility, it has become a common practice amongst the multinationals to depute their employees within their group companies or affiliates for rendering certain services for a specific period of time.
MUMBAI-INDIA - November 27, 2020: Bride wear mask after getting married at a temple in Bandra, amid the ongoing coronavirus pandemic. Editorial credit: Manoej Paateel / Shutterstock.com For Raveena Verma, who runs a Delhi-based wedding planning company called Drumrolls & Dreams since 2014, history is repeating itself in rapid succession, thanks to the second wave of coronavirus sweeping the land. "We lost a lot of business last year.
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