Company Policies - Be Cautious.pptx
Download as PPTX, PDF
0 likes13 views
This document discusses several company policies that employees should be cautious of: 1. Many companies hire contractors long-term without converting them to full-time to avoid providing benefits. Contract employees may not realize agreements prevent hiring them permanently. 2. Non-compete agreements can limit career growth by restricting employees from joining competitors for periods of time after leaving. 3. Bonus and pay dates can cause employees to miss out on earned compensation if they are not present on designated payout days.
More Related Content
Similar to Company Policies - Be Cautious.pptx (20)
More from Ram Arya (19)
Recently uploaded (20)
![ibp_final_ppts_3[1].pptxggggggggggggggggggggggggggggggggggggggggggggggggggggg...](https://cdn.slidesharecdn.com/ss_thumbnails/ibpfinalppts31-250301115347-400d9677-thumbnail.jpg?width=560&fit=bounds)
![AudioRealism ABL Crack With Serial Key [2025]](https://cdn.slidesharecdn.com/ss_thumbnails/onelinertanveerranjhanote-250226190116-ba950516-thumbnail.jpg?width=560&fit=bounds)
Company Policies - Be Cautious.pptx
- 1. Company Policies - Be Cautious!
- 2. Non-conversion of contract employees: Many MNCs hire contractors on third-party payroll for extended periods without converting them into full-time employees. Companies have agreements with third-party employers to prevent full-time hiring. Contract employees may not know this and blame themselves or management.
- 3. Non-compete agreements: What you need to Know Employees may be required to sign agreements that prevent them from joining competitor companies for a certain period. This can limit career growth opportunities, especially if the duration is long. The agreement aims to protect the company's interests by preventing employees from taking knowledge and expertise to competitors.
- 4. Misclassification of contract employees:
- 5. Bonus and variable pay MNC bonus and variable pay policy Many MNCs have specific dates for distributing bonuses and variable pay. Loose out pay If an employee is not present on the designated day, they may lose out on the payout, even if they have earned it.
- 6. Lock-in period: Lock In period for transfer MNCs often impose a lock-in period of 18 months to two years, during which employees cannot transfer to another city or change job roles within the company. Variable lock in period across companies Different companies have different timelines for lock-in periods, and employees should consider these before making any decisions.
- 7. Deduction of gratuity: 1.Gratuity deductions and payout: How companies use gratuity to retain employees. Some companies deduct a certain amount as gratuity from employees' salaries each month, promising to pay it once they leave the company. 1.Gratuity restrictions: What happens if you leave before completing the specified period? However, if an employee leaves before completing a specified period (e.g., five years), they may not receive the deducted amount.
- 8. Lack of gender diversity: Lack of gender diversity in teams Certain teams within organizations may have a lack of gender diversity due to specific requirements set by people managers responsible for hiring. Gender bias in hiring This hampers equal opportunity for all genders and can limit the representation of female/male employees in certain roles.
- 9. Pay disparities for the same job: Individuals in the same job role may be paid differently based on factors such as negotiation skills, previous compensation, or hiring standards set by colleges/universities.
- 10. Technical individual contributors vs. managers' pay: Technical individual contributors who have risen to higher positions may be paid more than managers handling their team. This dispels the myth that managers always earn more than individual contributors.
- 11. At-will employment: Some companies classify employment as "at-will," allowing them to terminate employees without notice or reason. In India, notice periods are common, and termination usually requires payment of the notice period salary.