Issue1-HCL has deducted EPB component completely in my final settlement for the FY21-22 (April till my LWD) so I lost 6 months of monthly bonus which was already and then retrieved as per their new policy which suddenly arrived in middle of the pandemic. I checked with my friends who worked in HCL before, there was no deduction like this but now suddenly they are adding new clauses which I feel is not fair and will not give the confidence to work in HCL again.Many of my friends are leaving now from junior to senior level they all will have severe impact as this is their hard earned money It was a hefty amount so had hard time to manage financially. I was not prepared for this recovery as this was not mentioned anywhere including the provisional final settlement letter. This was not mentioned in the offer letter nor in the policy portal but when enquired they are saying employees whose last working day is during to will be recovered complete EPB paid out from April 2021. HCL has deducted EPB component completely in my final settlement for the FY21-22 (April till my LWD) which was paid out. Performance Bonus (Annual based on rating). Engagement Performance Bonus (EPB – Monthly payout if billable in a project) and 2. I have worked in HCL for less than a year and moved out recently. Project Bonus: 80000 which was a part of my compensation since august 2021 after my appraisal, this also has to be paid back to them. This was not mentioned in the Provisional FNF neither in the offer letter, but they changed the policy in between a year and now forcing everyone to pay back this amount.
We never signed anything regarding EPB in our offer letters but on 18th November 2021, HR shared an email with all the employees that EPB paid will also be recovered from April till LWD if anyone resigns between the FY.
They shared the breakup as belowĪMPB paid from April till LWD : 92601 till november and the amount which will be paid in the notice period will also be recovered.ĮPB : Around 40000. So i resigned from my position on 15th of November and after few days the Finance team shared a Provisional FnF settlement letter with me in which i got to know that instead of getting my pending amount i have to pay the recovery amount to the company. (names have been withheld to protect the identity of these ex-employees)
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