Posted inEmployees Corner Pay and Allowances
You Know the Benefits of Option Certificate on Promotion?
An Option Certificate on Pay Fixation is a great tool for employees who are being promoted. An option certificate can be adopted if an employee is promoted after 1st June. As you all know that the condition for the annual increment is a minimum of 6 months of service in a particular scale, and if an employee is promoted after 1st June, the 6 months of service are not completed by the same employee. Then what will happen to the employee if he is promoted after 1st June? Will he not get the benefit of the Annual Increment? This will be a loss for that employee. But don’t worry; this loss can be avoided by using the great tool of the Option Certificate for Pay Fixation.