By Admin 
Employee Bonus: The festival of Diwali in India is about to come almost. As soon as Diwali arrives, millions of employees eagerly wait for their festival bonus. This is now a tradition that has become a part of corporate culture. But in Pakistan, where Eid is the main festival, whether there is bonus to employees Gave goes? Let’s know what is the way and rules there.
Bonus rules in Pakistan
In fact, employees in Pakistan do not legally bonus on Eid or any other festival Gave go. The profit based bonus system runs here. That is, when companies earn profits, they have to distribute a part of that profit as a bonus to their employees. This amount is based on the economic status of the company. For example, the company can give 30% of the profits or 1 month salary. This makes it sure that employees definitely benefit from the success of the company.
Law for companies
If the company is making profit under the profit bonus law in Pakistan Him Profits will have to be distributed with employees. That is, in the years of profits, employees get financial reward and there is no compulsory bonus in low profits years Gave go.
Festival bonus in India
Employees under Payment of Bonus Act 1965 in India Gave goes. Under this Act, companies have to pay at least 8.33% of profits and maximum 20% of employees. These bonuses are often given with big festivals like Diwali. This keeps both legal rights and cultural traditions.
The main difference between India and Pakistan
The festival bonus in India is associated with the Sanskrit festival but the bonus in Pakistan is related to profit. Employees in India hope to get Diwali bonus There itself Employees in Pakistan have to be based on the company’s profits for bonuses.
India’s system is associating financial encouragement with cultural tradition. But in Pakistan, the employee becomes a partner in the financial success of the company. However, employees are being rewarded in both methods.
Effect on employee morale
Giving bonus to employees during festivals in India increases their morale and also gives a feeling of joining the cultural festival. But the bonus in Pakistan is directly related to performance and the company’s benefits and is a financial incentive. Although the employees are getting encouragement in both ways, but this culture and spirit have been associated with this culture and spirit in India.
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